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Isle of Man 'fully committed' to triple lock pensions

Ellan Vannin 'currit dy slane' gys pensionyn fo ghlass three filley

Foddee pensioneryn ec y traa t'ayn jerkal rish bishaghey 10% ayns eeckyssyn

Ta'n Shirveishagh Tashtee gra dy vel eh 'currit dy slane' gys bishaghey pensionyn rere bolgey argidoil, ny yeih neu-hickyrys 'sy Reeriaght Unnaneysit.

Ta'n Fer Lhee Alex Allinson er veeraghey dy jean Ellan Vannin coardail rish y ghlass three filley, vees jannoo shickyr dy jean pensionyn bishaghey dagh blein rere rate bolgey argidoil yn RU, aase ayns cheet stiagh ny 2.5% ― cre erbee jeu vees ny syrjey.

Shen dy ghra dy vel pensionyn steat er chee lheimmey seose liorish ny shlee na 10%.

Choud's t'er ve fograghyn streeuailtagh ayn veih reiltys yn RU mychione ve currit da'n choardail, ya'n Fer Lhee Allinson gra nagh vel shen yn aght ayns shoh.

AS YN FER LHEE ALLINSON : Nee mayd coardail rish yn varrantys hug shin gys pensioneryn 'syn Ellan shoh, cha nee ynrican bentyn da'n ghlass three filley, agh da cooney neesht vees jeerit orroosyn ta strepey lesh coontyssyn bree car y gheuree. Ec y traa t'ayn, ta kuse dy ghoilleeidyn 'sy Reeriaght Unnaneysit, as cha nel eh orrym, cha jeanym cremmey y reiltys 'syn Ellan faggys dooin – ta doilleeidyn oc hene dy chur rish. Agh t'eh orrin jannoo yn reaghys kiart son sleih 'syn Ellan ain, as t'eh foym shen y yannoo. 

 

Pensioners can currently expect a 10% increase in payments

The Treasury Minister says he's 'fully committed' to increasing pensions in line with inflation, despite uncertainty in the United Kingdom.

Dr Alex Allinson has confirmed the Isle of Man will honour the triple lock, which ensures pension will increase each year in line with the UK inflation rate, earnings growth or 2.5% - whichever is higher.

It means state pensions are set to jump by more than 10%.

While there have been conflicting statements from the UK government over its commitment to the agreement, Dr Allinson says that's not the case here:
 

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