Treasury minister agrees to bring proposed triple-lock changes as separate Tynwald motion

It had previously been planned to be part of the budgetary process

The treasury minister's agreed to adjust next week's Tynwald order paper to include a separate motion about proposed changes to the pensions triple-lock system.

It's after a number of MHKs raised concerns about the plans to replace it with the Manx Pension Guarantee.

It would mean those who retired after 5 April 2019 would see their pensions rise annually by one of two options - the preceding September's figure for Manx CPI inflation or two percent, whichever is higher.

After a motion questioning whether it was right for it to be part of the budgetary process in the House of Keys today, Alex Allinson agreed to bring it to Tynwald separately: