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

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-02-11 09:03 AM
Response to Reply #23
46. Unions lose CPI pensions battle in high court

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.
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