triple lock
The term "triple lock" is most commonly associated with the UK state pension system, ensuring its value keeps pace with inflation and wage growth.
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Definition
C1UK Finance
(policy)A policy ensuring the state pension increases annually by the highest of price inflation, average earnings growth, or a fixed rate of 2.5%.
Example
- The triple lock policy helps protect pensioners from the rising cost of living.
- Thanks to the triple lock, the state pension will see a significant increase this year.
C1Ireland Military
(informal, policy)A requirement that overseas military actions must be approved by the Irish government, parliament, and the United Nations.
Example
- The triple lock ensures that any deployment of Irish troops overseas has multiple layers of approval.
- Due to the triple lock, the proposed mission was delayed for further approvals.
Similar
Terms that have similar or relatively close meanings to "triple lock":
triple checktriple whammylock onlock insafety locktriple timelock downlock intotriple threattriple barreltriple starunder lock and keylock uptriple playtriple testjail lockbutton locktriple billtriple pointbox and locktriple crown