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8214572281?profile=RESIZE_400xMillions of retirees will see the future value of their pension cut owing to a planned change in the way payments are calculated from 2030.

Many of those with so-called defined benefit workplace pensions see their pension payments increase each year in line with the rising cost of living.

The way this annual rise is calculated is expected to become less generous from February 2030.

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BBC News

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