RPI to CPI Early Day Motion 1032

Ripoff_2

Dominic9 wrote: »

The change to uprating of Basic State Pension (commonly referred to as triple-lock or triple guarantee) to be the best of CPI, earnings or 2.5% affects existing pensioners. It is the proposed universal payment of £140 that would not extend to existing pensioners.

So previously Basic State Pension (BSP) and Additional Pension (AP) were uprated by RPI. Now BSP is uprated by best of earnings, CPI and 2.5% whereas AP is uprated by CPI.

The net impact for an individual will depend on the amount of AP they have, but in general you would expect the gain from the earnings (or better)-linked BSP to outweigh the loss of AP from the move from RPI to CPI .

There is of course the political dimension to consider, ie that uprating may well change again in the future (a cynic may think that this would be especially likely when earnings start to outpace CPI and the triple-lock becomes costly)

The change to State Pension uprating for existing pensioners is in most cases positive.

Existing pensioners certainly aren't as badly affected as those with non-State pensions which have changed indexation and/or revaluation.

Although replacing CPI with RPI in the triple-lock uprating and changing AP uprating back to RPI would advantage pensioners, assuming the triple-lock remained otherwise unchanged.

It's a CON Trick, don't be fooled by the triple guarantee and the linking to earnings etc for state pensions, the vast majority of pensioners State, Public and Private over time would still have been better off with RPI indexing, than they will be after this change and people who have paid for AP in the state system, plus Public and Private pensioners will be the real losers. It's a slight of hand magic trick that people are falling for, wake up and don't be Ripped off!

The change of indexing for State, Public and Private pensioners is daylight robbery and moves the vast majority of pensioners into a lower percentage increase than they would have otherwise have received, it's an injustice that needs putting right and the signing of the e-petition plus donations to the Judicial Review fighting fund will help achieve the restoration of RPI.

Basically however you dress this change up, it is still THEFT by the Gvmt using the complication of the inflation indexing measures to steal from pensioners. It's the BIGGEST CON TRICK by any Gvmt for decades and we should NOT let this CONDEM Gvmt get away with this. Fight for your rights!

If you still do not believe me then read the following http://www.straightstatistics.org/article/rpi-vs-cpi-row-goes then perhaps you ALL will see this CON TRICK for what it is, DAYLIGHT ROBBERY! we are being MUGGED.

Goldwing1

Here's another e-petition at http://epetitions.direct.gov.uk/petitions/14997

The wording is as follows;
"Since HM Government insists that all Public Sector pensions be linked to CPI rather that RPI, Would it not be fair if MP's pensions were also linked to CPI. Not only do MP's benefit from the highest pensions in the public sector, but they are retaining the RPI ling that they are denying to others. Let's have leadership by example rather than greed."


Nice to know we're all in this together. :mad:

StevieJ

Goldwing1 wrote: »

Here's another e-petition at http://epetitions.direct.gov.uk/petitions/14997

The wording is as follows;
"Since HM Government insists that all Public Sector pensions be linked to CPI rather that RPI, Would it not be fair if MP's pensions were also linked to CPI. Not only do MP's benefit from the highest pensions in the public sector, but they are retaining the RPI ling that they are denying to others. Let's have leadership by example rather than greed."


Nice to know we're all in this together. :mad:

About time but will it be enough?

The generous scheme which has been afforded to MPs, giving them much better final salary pay-outs than others in the public sector and many in the private sector, has been under fire for years.

But only now has a radical shake-up been proposed. It comes as Whitehall spending cuts prepare to bite across the country with a huge impact on other public servants

http://www.telegraph.co.uk/news/politics/7909379/MPs-to-lose-gold-plated-pensions.html

ExBT_Bob

BA Pensioners have just elected 3 new Trustees who are committed to restoring RPI indexation! BTPS Section A&B members - get writing!

The Trustee Directors are:

Adrian Askew
David Barford
Donald MacDonald
Billy McClory
Andrew Parker
Beryl Shepherd
Paul Spencer CBE (Chairman)
John Wroe

Write to them at:
BT Pension Scheme Trustees Limited
Lloyds Chambers
1 Portsoken Street
London
E1 8HZ

Thicko2

StevieJ wrote: »

About time but will it be enough?



http://www.telegraph.co.uk/news/politics/7909379/MPs-to-lose-gold-plated-pensions.html

Thanks for that link - i must have missed that.

Yet to of course here proposals on such matters as accrual rates in the current public scheme 'negotiation' so comparability is difficult.

Still looks as if MPs will pay 6% of salary whilst for similar benefits it appears i will be asked to pay somewhere between 13% and 15%.


Still we all in this together.

Ripoff_2

All, just to let you know that the signature count has hit nearly 43k......we still need many more people to sign and as people are returning from holidays, now might be the time to refresh any emails you sent around to gain support.

Just a quick reminder might do the trick and get the count rising even faster but what a good effort so far. Together we CAN hit the 100k plus target, WE just need to make the effort to get the message out there.

viridens

Reaching 100K and hopefully triggering a debate is only part of what is necessary to reverse the RPI/CPI swindle. This switch has already been nodded through the house of commons on a majority vote.

Th secure this reversal the cause needs some committed vigorous speakers to present compelling arguments in the debate. Who are the suitable candidates for this role?

Interested_Taxpayer

Count has reached 45,740 and rising.

Just had the e-mail letter below from my MP. Following my approach to her, she has signed the petition and has notified all those who expressed a concern about this Condem theft. Can I suggest that you all write again to your MPs and get them to do likewise. The Condem MPs may have a problem but that should not stop you.

KEEP THE PRESSURE ON.:mad:


[FONT=&quot]I am writing to you as one of the many constituents who have previously contacted me regarding the Government’s decision to uprate pensions by the Consumer Price Index (CPI) measure of inflation as opposed to the Retail Price Index (RPI).[/FONT]

[FONT=&quot]As I previously indicated I object to a permanent switch from RPI to CPI on the basis that:[/FONT]
· [FONT=&quot]CPI fails to reflect the spending patterns of pensioners and the rising costs they face, and[/FONT]
· [FONT=&quot]The Government have justified the change on the basis that it is necessary to reduce the deficit, but its impact will be felt long after this is accomplished[/FONT]

[FONT=&quot]A constituent contacted me regarding an e-petition on this subject. If this e-petition receives 100,000 signatures or more it could then be debated in the House of Commons. I have signed the e-petition and I would encourage you to do likewise.[/FONT]

[FONT=&quot]The e-petition reads:[/FONT]

[FONT=&quot]Public & Private Pension Increases - change from RPI to CPI[/FONT]

[FONT=&quot]Responsible department: Department for Work and Pensions[/FONT]

[FONT=&quot]Many workers in the Public and Private Sector have contributed to their pensions on the understanding that on retirement these Pensions would be increased each April by the preceding September's Retail Price Index (RPI) rate. From April 2011 the Government has transferred these increases to the Consumer Price Index (CPI) measure which in the Treasury's own words "...is designed to take account of the fact that consumers tend to shop around, switching to cheaper alternatives when prices of similar goods change." This change, which has been introduced in most cases without any prior consultation, will mean a steady reduction in spending power for pensioners as they progress into their retirement. Given the promises that have previously been made, the RPI measure should be reintroduced without delay to ensure that the spending power of these Public and Private pensioners is maintained. [/FONT]

[FONT=&quot]You can view and sign it using this link:[/FONT]
[FONT=&quot]http://epetitions.direct.gov.uk/petitions/1535[/FONT]

[FONT=&quot]I hope this email is of some help to you.[/FONT]

[FONT=&quot]Yours sincerely[/FONT]
[FONT=&quot][/FONT]
[FONT=&quot]Sheila Gilmore MP[/FONT]
[FONT=&quot]Edinburgh East[/FONT]

[FONT=&quot]Address:[/FONT][FONT=&quot] 84 Niddrie Mains Road, Edinburgh, EH16 4DT[/FONT]
[FONT=&quot]Telephone:[/FONT][FONT=&quot]0131 667 8538[/FONT]
[FONT=&quot]Email:[/FONT][FONT=&quot]sheila.gilmore.mp@parliament.uk[/FONT]

[FONT=&quot]If you would like to start receiving Sheila's monthly e-newsletter please send a blank reply to this email with 'SUBSCRIBE' in the subject line.[/FONT]

Goldwing1

viridens wrote: »

Reaching 100K and hopefully triggering a debate is only part of what is necessary to reverse the RPI/CPI swindle. This switch has already been nodded through the house of commons on a majority vote.

Th secure this reversal the cause needs some committed vigorous speakers to present compelling arguments in the debate. Who are the suitable candidates for this role?

Every journey starts with the first step.

As to your question, the Police Federation speaker at the Parlimentary Lobby (Back in March?) was pretty good. I'm sure there will be others.

viridens

Goldwing1 wrote: »

Every journey starts with the first step.

As to your question, the Police Federation speaker at the Parlimentary Lobby (Back in March?) was pretty good. I'm sure there will be others.

Nice idea, but since this will be a Parliamentary debate I assume only MPs will be eligible?

Did you see Cameron's gaffe during PMq's yesterday? Just in case we had any doubts about the true intentions of 'pension reform'...
I captured it here: http://www.mediafire.com/?cy7cuojiyn0o0jx