Hello, you have come here looking for the meaning of the word
triple lock. In DICTIOUS you will not only get to know all the dictionary meanings for the word
triple lock, but we will also tell you about its etymology, its characteristics and you will know how to say
triple lock in singular and plural. Everything you need to know about the word
triple lock you have here. The definition of the word
triple lock will help you to be more precise and correct when speaking or writing your texts. Knowing the definition of
triple lock, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.
English
Noun
triple lock (plural triple locks)
- (UK, finance) A policy whereby the state pension is increased every year to match either price inflation, earnings growth, or a third fixed rate, whichever is highest.
2022 October 17, “Jeremy Hunt shreds Truss’s economic plans in astounding U-turn on tax”, in The Guardian:He refused to rule out changes to the pensions triple lock and said a new windfall tax on energy profits was on the table.
- (Ireland, informal) The requirement that approval is received from the Irish government, the Dáil (parliament), and the United Nations, prior to any overseas military action by Irish defence forces.