Burnham has pledged to end the existing pension triple lock in 2030 as part of a plan to help fund care in the UK.
The commitment was made during a conference speech in which he set out his long-term plans for the country. The speech was described as emotional at times.
Under the proposal, the current pension triple lock would come to an end in 2030. The source material does not specify what arrangement would replace it or how the change would affect pension payments.
Burnham presented the measure as part of a wider approach to funding care. No further details of the proposed care funding model, or of the timetable for implementing the policy, were provided.
The pledge forms part of Burnham’s longer-term plan for the UK, with 2030 identified as the point at which the existing pension arrangement would end.
