State Pension? HELP….

af1963

It's a lot more than "a couple of quid"

The benefit of triple lock is gradual and cumulative.  

This article has the history, up to about 2022.  Fairly regular years where the increase was more than inflation, and each time that happens, the value ratchets upward. Overall, the annual pension is now several hundred pounds above what it would be with a link to either earnings or to inflation alone.

https://www.icaew.com/insights/viewpoints-on-the-news/2021/sep-2021/Chart-of-the-week-Pensions-triple-lock

When working people are getting better than inflation increases, the pension matches that and also rises compared to inflation, so it's worth more.  When working people are falling behind inflation. pensioners are protected from that and the pension keeps its value at a time when working people are losing real-terms income.  And if both wage rises and inflation are very low, pensioners get a fixed increase which is bigger than both.

Even if triple lock doesn't survive in the long term, the biggest beneficiaries of it are younger people who stand to get the higher value of state pension for longer.

badmemory

We should also remember that 4.1% of a state pension is somewhat less than 4.1% of an MPs or even a train drivers.  Or put another way 4.1% of !!!!!! all is still !!!!!! all.