Sunday, 19 October 2014

Bath to get pensions rise thanks to Liberal Democrats

Don Foster, MP for Bath, has welcomed the news that the basic state pensions will rise by at least £2.85 a week thanks to the Lib Dems’ triple lock. It means Bath pensioners will benefit from an increase in their pension.

This rise will bring the level of the state pension to at least £115.95. In Bath and NES there are almost 32,000 pensioners who will benefit from this rise, which will translate into £18.30 more, each week, than in 2010 when the Lib Dems entered coalition. This means pensioners on the full basic state pension are £950 a year better off than they were under Labour.

Commenting, Don Foster MP said: “I am delighted that the triple lock ensures that Bath pensioners are guaranteed the security of a steady rise in their pensions. This allows them to plan for their future and giving them dignity in their retirement. We have ensured that pensioners in Bath are never again subjected to the indignity of the 75p rise they saw under Labour.”

Steve Bradley added "The triple lock delivers a pension rise of whichever is the greater of average earnings, inflation or 2.5%, meaning pensioners across Bath will see more money in their pockets. The Lib Dems campaigned for it in opposition, have delivered it in Government and have pledged to write it into law in the next Parliament."

No comments: