Triple Lock

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Conference
2022 National Retired Members Conference
Date
23 June 2022
Decision
Carried

This Conference is appalled that the Chancellor did not take the opportunity, in his spring statement, to reinstate the triple lock in relation to the state pension. Conference notes that had the triple lock been applied the state pension would have been raised by about 8% in line with pay increases which were existent at the time of the calculation.

Since then, the rate of inflation has been rising at an alarming rate and there is a cost of living crisis which has a disproportionate effect on older people, particularly those dependent wholly on the state pension.

Given that, at the time Conference meets, the autumn budget will be imminent, Conference resolves to instruct the National Retired Members Committee to write to the Chancellor with the following demands

i)to raise the state pension, with immediate effect, to the level that would have been applied if the triple lock promise had not been broken

ii)to backdate this award to 11th April 2022

iii)to ensure that the triple lock will be applied in future as had been previously promised and to enshrine this in legislation

iv)to legislate to ensure that the inflation determinant in future will be RPI instead of CPI.

Conference further resolves that the National Retired Members Committee must:

1)share with all of the older peoples’ organisations to which UNISON’s Retired Members’ Organisation relate within the four nations of the UK and suggest that they will take similar action.

2)Attempt to highlight this action widely on all media throughout the UK.