The UK Government are planning to restore the earnings link to pensions, meaning that those on the basic state pension will be substantially better off every year – something the Liberal Democrats committed to in their 2010 manifesto.
The new 'triple lock' system for pension increases means that the state pension is guaranteed to rise by a minimum of 2.5% every year, with higher rises possible.
Commenting, Ms Bridger said:
“Pensioners have been abandoned in the UK for too long. Below inflation rises have meant that pensioners have less money in real terms every year, with soaring fuel and food prices leaving many struggling to cope.
“The new system means that pensioners can have the peace of mind of a guaranteed rise which leaves them no worse off because of inflation or rising prices.
“Under Labour, pensioners faced uncertainty, rising living costs and financial hardship. The Liberal Democrats in Government are helping to undo the damage done by Labour, and give our old people the pensions they deserve.”