State Pension rates are set to increase as the 'triple lock' has now been reinstated. Claimants are expected to see a boost in their income when the payment is reviewed.
This year has seen a minimal increase in State Pension rates as they rose by 3.1%. A temporary removal of the 'triple lock' caused the small growth.
The Echo reports a 'triple lock' guarantees pensions will increase by the highest amount of inflation. The increase is according to the Consumer Price Index in September, average wage increases, or 2.5 per cent.
