Andy Burnham and John Healey '£602 payments' for state pensioners born after 1950

NewsCost Of LivingPensionIt comes as a decision was confirmed around the triple lock11:22, 02 Aug 2026The full state pension could jump by over £600 next year, according to a new forecast.‌This is the version of the pension paid to everyone who has retired since 2016.‌New calculations have shown how much the pension will rise to in 2027 if it were to climb by the same amount as this year.‌READ MORE: Andy Burnham and John Healey new bank account rules for households with £10,000 savingsGet breaking news on BirminghamLive WhatsAppPension increases are determined by the triple lock.‌The policy ensures the pension rises each year in line with whatever is highest out of inflation, wage growth and 2.5%.Latest figures from experts are based on the rate rising by 4.8% each year, as it did from Apr