state pension was set to rise to "highest increase in decade". The triple lock sets an increase to weekly payments based on the higher average wages, the consumer prices index (CPI) or 2.5%.Now from figures released this morning is shows the state pension is set to increase by 3.1% in 2022/23.It could mean pensioners will receive a boost of more than £5.50 a week.Tom Selby, head of retirement policy at AJ Bell, said: "The good news is the state pension is set to increase by 3.1% next year."The basic state pension, meanwhile, is set to rise by £4.25 to £141.85 per week."However, the Government's decision to suspend the earnings element of the state pension triple lock means retirees will miss out on a blockbuster 8.3% increase."He added:.
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