David McGreavy, 67, battered to death a nine-month-old baby, strangled her four-year-old brother and cut the throat of their sister, two.
He also mutilated their bodies with a pick axe before impaling them on a neighbour's spiked garden railings.
But a three-member Parole Board has decided McGreavy, dubbed the "Monster of Worcester", is safe for release, according to The Sun .
The children's furious mum Elsie Urry said: "I was told he'd never go free."
The 68-year-old added: "What this animal did to my children was every bit as bad as what the Moors Murderers did.
"But Ian Brady and Myra Hindley never left prison before they died so why the hell should he?
"He put my babies on spikes for God's sake - he mutilated them and they died in agony."
The case echoes the Jon Worboys scandal , which also sparked outrage earlier this year.
The Parole Board also decided the Black Cab Rapist, who attacked more than 100 women, was safe for release.
McGreavy, however, was just 21 when he killed the siblings on Friday April 13, 1973.
He was a lodger at the Worcester home of barmaid Elsie and hubby Clive Ralph, and babysat their kids Paul Ralph, four, Dawn, two, and nine-month-old Samantha, for two years without incident until the horrific murders.
Paul had been strangled, Dawn was found with her throat cut, and Samantha died from a compound fracture to the skull.
McGreavy, a family friend and lodger, then impaled their bodies on the spiked garden railings of a house in Gillam Street, Rainbow Hill.
He claimed he killed the children because one of them would not stop crying, and was sentenced to life for the murders in 1973.

A document from the Parole Board about McGreavy's case referred to a victim personal statement from the victims' mother, "setting out the devastating effect that these deaths had on her and still do have".
The document said that over the 45 years in custody, McGreavy has changed "considerably".
It added: "He has developed self-control, as well as a considerable understanding of the problems that he has had and what caused them.
"The psychologist identified a number of factors which make it less likely that Mr McGreavy will reoffend in future.
"These included his improved self-control and the fact that Mr McGreavy has learnt to remain calm in stressful situations.
"He has also shown himself to be compliant and co-operative with authority, which suggests that he will comply with licence conditions.
"A network of supportive friends in the community was also identified as a protective factor."
The Parole Board said: "We can confirm that a panel of the Parole Board has directed the release of David McGreavy following an oral hearing.
"Parole Board decisions are solely focused on whether a prisoner would represent a significant risk to the public after release.
"The panel will have carefully looked at a whole range of evidence, including details of the original evidence and any evidence of behaviour change.
"We do that with great care and public safety is our number one priority."





Comment: Knowledge of psychopathy is so absent in our society that we have professionals appointed to protect society releasing a sadistic child killer back onto the streets - and this isn't an isolated case. This creature hasn't changed. Psychopaths can't, they're hardwired that way. However, he sure has convinced the supposed professionals into thinking he has:
- When your child is a psychopath
- The Psychopath: A New Subspecies of Homo Sapiens
- 'Truth, Lies and Sex Offenders': Anna Salter's documentary on sexual predators
- Interview with Sandra L. Brown on psychopathy and pathological love relationships
- Psychopathy: What you probably don't know about it
Also check out SOTT radio's: