English Dictionary

triple lock

noun

(UK, finance) A policy whereby the state pension is increased every year to match either price inflation, earnings growth, or a third fixed rate, whichever is highest.

The triple lock is a policy in the UK that guarantees an increase in state pensions.

意味（1）

(UK, finance) A policy whereby the state pension is increased every year to match either price inflation, earnings growth, or a third fixed rate, whichever is highest.

He refused to rule out changes to the pensions triple lock and said a new windfall tax on energy profits was on the table.