Pensioners will see their state pensions increase by more than £5 a week next April, pegged to the increase in average workers' earnings.
The basic state pension will rise to £134.25 a week (up £5.05) while those on full flat-rate, brought in three years ago, will see their payouts rise by £6.60 a week to £175.20.
A triple-lock guarantee on annual rises in the state pension means they are set by whatever is the highest of price inflation, average earnings growth or 2.5 per cent.
From April, the rise will be pegged to earnings grown of 3.9 per cent recorded in July 2019. The rate of inflation in September was confirmed as 1.7 per cent.
But there's a sting in the tail as over-75s will lose the right to free TV licences from June 2020.
The current cost of a TV licence is £154.50 a year and is expected to increase in 2020.
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Those who can claim the state pension under the new rules are men born on or after April 6, 1951, and women born on or after April 6, 1953.
Usually, one will need at least 10 qualifying years on their National Insurance record in order to receive any state pension payment.
If a person paid married women's or widow's reduced rate contributions, they may also qualify, the gov.uk website states.
For the full new state pension, an individual would be required to have 35 qualify years on their National Insurance record.
