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    Pensions triple-lock to be kept this year?

    The government says it's not dumping the pensions triple-lock during next week's budget.

    Treasury Minister Alex Allinson says under new government proposals, pensions are set to rise by 4.1 per cent - if Tynwald approve the changes.

    The news comes after the government revealed it was considering abandoning the triple-lock system to increase pensions each year.

    The triple lock meant each year, pensions rise by the highest out of inflation, average wage rises or 2.5% - Dr Allinson says the government planned to replace it with a 'Manx Pension Guarantee' which increased pensions by either 2% or inflation.

    He says he's hoping to hold a public consultation after Tynwald members demanded more say on future proposed changes.

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