You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #46: Unions lose CPI pensions battle in high court [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Latest Breaking News Donate to DU
xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-02-11 08:03 AM
Response to Reply #23
46. Unions lose CPI pensions battle in high court
http://www.guardian.co.uk/money/2011/dec/02/unions-lose...

Unions have lost their high court challenge to changes in the way annual public sector pension increases are calculated, resulting in smaller pensions for millions of public sector workers.

Unions representing public sector staff took their case to the high court to challenge the government's decision to change the way their pensions are uprated from the RPI index to CPI, a decision announced by George Osborne in his June 2010 emergency budget which came into effect in April.

CPI has risen by a smaller amount over the past two years than RPI, and doesn't contain certain costs included in the latter, such as council tax, mortgage interest, house depreciation, TV and road fund licences.

The government's move prompted legal action from groups including Unison, Unite, the Fire Brigades Union, teachers' union NASUWT, the National Union of Teachers, the National Association of Retired Police Officers and the Civil Service Pensioners' Alliance.
Printer Friendly | Permalink | Reply | Top
 

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC