The state pension will increase 2.5% next year, the Department for Work and Pensions (DWP) has confirmed.
The full new flat rate state pension will rise to £159.55 a week and the basic state pension to £122.30 from next April - representing a 2.5% increase under current triple lock rules, This is Money wrote.
The rises of just under £4 per week and £3 per week, mean Chancellor Philip Hammond has stuck to the triple lock system, as pledged in the Tory manifesto.
Under the system annual rises in the state pension are decided by whatever is the highest of price inflation, average earnings growth or 2.5 per cent.
Hammond confirmed the triple lock would stay for the current parliament during last week's Autumn Statement.
However, he has since ordered a review into whether the guarantee is affordable.
Many in the industry have backed its abolition, including ex-Work and Pensions Secretary Stephen Crabb and former Pensions Minister Ros Altmann.
A demand for the Government to ditch the pledge in 2020 was also launched by MPs on the Work and Pensions Committee.
Hargreaves Lansdown head of retirement policy Tom McPhail said: "A wide range of politicians and economists now argue that the triple lock is redundant, with the 2.5% element in particular being called into question.
"It is ironic therefore that earnings growth happens to have landed bang on 2.5%, thereby making the third element of the triple lock redundant this year. There is a fair bet that this time next year, it'll be inflation hitting the highest number."
He added: "Pensioners can't continue to enjoy indefinitely a 'heads I win, tails you lose' guarantee at the expense of taxpayers. A review now looking beyond 2020 makes sense."
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