Discussion in 'The Intelligence Cell' started by E-Layer, Sep 20, 2011.
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The problem is that the government of the day can switch indexes to suit itself. Some years ago we were on the CPI and when it became higher we were switched to the RPI. What goes round....
did i miss something in the news then cos i could swear that rather than just switching index the budget announcement was to use either index which ever was the greater.
The basic state pension will use the better of CPI, wages or 2.5%. Legislation that applies to SERPS/S2P, public sector and some private sector occupational pensions has changed from RPI to CPI, although legal action is underway to challenge that change
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