CWU Retired Members Conference 2017
This Conference notes that in the 2016 Autumn Statement the
Chancellor Philip’ Hammond declared that the ‘Triple Lock‘ for State
Pensions would be reviewed prior to the next general election due in
2020. This co-insides with a report from the Government Work and
Pensions Committee that the Triple Lock be scrapped as it is
unsustainable and unfair on younger people.
The triple-lock is a system that guarantees State pensions rise by the same as average earnings, the consumer price index, or 2.5%, whichever is the highest.
Conference agrees that with low inflation and higher earnings the “Triple Lock” allows Pensioners to “catch—up" on their State Pensions must be defended and maintained.
Conference agrees that the RMAC will work with the NEC to Campaign with the Labour Party, the NPC, the TUC and other organisations to defend the “Triple Lock” and maintain the commitment during the next Parliament.
Retired Members Advisory Committee
The motion was carried unanimsouly
Mover: Brian Lee RMAC
Phil Duffy Gt Mersey & SW Lancs