RPI to CPI Early Day Motion 1032

Ripoff_2

So another hurdle has been climbed to get this Wrong put Right, thanks to you.

The e-petition gives us a voice but we need to keep up the pressure on the thieves. The MP's need to realize we will keep on with this campaign until this robbery and injustice is put RIGHT. This act is one of the most immoral acts of betrayal undertaken by any Government and Cameron has the nerve to say the Country has lost it's moral compass. It's this Government that, by this action alone, shows it has no moral compass.

Theft, stealing,robbery and betrayal are all immoral acts and Cameron & Co are guilty as charged with the switch from RPI to the lesser CPI indexing.

Keep spreading the word, keep getting people to sign the e-petition and keep the faith. Together, Private, Public, State and the workers who one day will be pensioners, we can get this disgraceful act of betrayal and theft reversed.

viridens

Regarding poor promotion of the petition by unions:
I have kept up my membership of ATL since retiring. The only mention of the petition anywhere was hidden away in their facebook blog. There was/is no mention on their home pages, or the pensions campaign section of the site. There has been nothing in either their pensions email shots to members or their monthly journal, 'Report'.
I have emailed their pensions campaign person several times to ask why, and was told it's promotion was pending. My last email a few week back has not received a reply.
I don't see anything on the NUT website either. I am beginning to suspect a hidden agenda.

I will not be renewing my membership of ATL, I shall be joining CSPA (civil service pensioners' alliance- the folks who mounted the legal challenge) instead.

Haybarn

I can only say that I have been extremely impressed with the CPSA and it is unfortuneate that Ido not qualify to join them. I am a member of the CWU (Honory membership) and a member of Unite and am a little dissapointed that the CWU have not taken a stronger stance on this issue. We have to write to these unioins to demonstrate the feeling of injustice and support for strong action. I regularly write to Branch members and talk to those affected and am surprised at the lack of realisation of the effect of the switch. When all pensioners in say 5/10 years time are shown what their pension would have been under RPI indexation and can clearly see that CPI and the triple lock is a degradation of their pensions will people wake up to this steal.

ordinaryman

Seasons Greetings to everyone!

Sorry I have been off the blogs for a while but glad to be back. First can I congratulate all of you, especially Ripoff for your tireless efforts over the injustice of RPI to CPI and to urge everyone to sign the e-petition.
Well, it is now over 100k and rising. Despite the fact that the recent Judicial Review found by 2 to 1 in the Coalition's favour I still think that this fight is winnable. Hopefully the Unions will mount an Appeal since the judgement was not unanimous and at least one Judge felt that the Secretary of State did not act lawfully so it is worth pursuing.
Second we can also ask the Unions to take the case to the European Court of Human Rights and ask them to look at it.
Finally we should be able to demand a Parliamentary Debate over the issue now that over 100k have signed the Petition - although I understand the Government are trying to backtrack on calling debates over e-petitions because of the trouble it causes them - so much for the democracy they pretend to champion!
I have always believed that we should take this argument to the very limit and pursue the issue to the bitter end and I continue to believe this. So let's carry on the fight for the sake of Pensioners everywhere!:)

teacher_retired

I can only add my fervent support for this 2:1 is not a majority and this fight is still capable of being won.

mystic_trev

teacher_retired wrote: »

2:1 is not a majority

I can only assume you were not a Maths Teacher!

Ripoff_2

104,177 have now signed the e-petition and the more we get the more the thieves will have to take notice, so lets keep this going and lets go for 200k plus. They will have to take notice, or ignore that many at their peril.

They will have to put this injustice, betrayal and theft right by restoring RPI because we can't afford to give up our fight. As prices rise such as food and energy every penny we lose each year with CPI drives us nearer and nearer to poverty.

In the end there is always the ballot box and when you have been robbed you don't tend to reward the thief do you!

Zelazny

Ripoff wrote: »

104,177 have now signed the e-petition and the more we get the more the thieves will have to take notice, so lets keep this going and lets go for 200k plus. They will have to take notice, or ignore that many at their peril.

They will have to put this injustice, betrayal and theft right by restoring RPI because we can't afford to give up our fight. As prices rise such as food and energy every penny we lose each year with CPI drives us nearer and nearer to poverty.

In the end there is always the ballot box and when you have been robbed you don't tend to reward the thief do you!

In the long run, earnings rise by more than RPI, so the triple lock is actually likely to be better than just RPI over a reasonable term.

Ripoff_2

Zelazny wrote: »

In the long run, earnings rise by more than RPI, so the triple lock is actually likely to be better than just RPI over a reasonable term.

I disagree, because earning rises will be linked to CPI very soon and therefore RPI will mostly be better in the long run. But that is not the issue.

This Gvmt are using a known flawed inflation measure to reduce pensions not only for Public but also for many private pensioners, not because CPI is a better measure, as they claim but to reduce the deficit of the country. This is a cost cutting excercise that pensioners are paying for but not just until the deficit is reduced but for life.

Inflation has been RPI for over 30 years and suddenly it's not. This action is robbery, betrayal and theft and it is wrong. You do not reduce a deficit by taking money from the least well off and do it by altering the inflation measure to a lesser measure, you do it by Growth and tax rises, then everyone pays but the way these thieves have done it is to raise VAT, so we all pay but also reduce pensioners income with CPI so pensioners pay even more, but for life. The inflation measure should not be fiddled in this manner and then justified after the event, the court appeal will expose this deception for what it is. This action by this Gvmt is immoral and wrong!

People need to wake up to what is happening by this change and how adversely it affects them, not only now but in the future.

mystic_trev

From another Forum - thought it might be of interest here.

Generali wrote: »

The current value of civil service unfunded pensions is, IIRC, £1,000,000,000,000 (a trillion quid) and that is just the cost of putting away enough money today to make the required payments in future. With a currently accrued pension pot of £0 (no quid), the taxpayer is going to have to pony up the compound interest amount between now and retirement.


The bank bailouts (which I did not and do not support) actually cost £125,000,000,000 in loans and share purchases. Presumably a reasonable chunk of that will be repaid one way or another, although I doubt that the taxpayer will ever actually make a profit on this lunacy. It is worth noting that this was a response to a crisis.


The debt of £1,000,000,000,000 is entirely planned except, I suppose, for the rather messy bit of paying for it. There are about 29,000,000 workers in the UK. How many do you think have put aside their £35,000 share to pay for this? Have you? If you think only private sector employees should pay the unfunded part of your pension then their bill rises to around £45,000. Plus compound interest if they haven't saved up their share of your pension of course.


BTW, it's not a case of whether the employees deserve their pensions as IMO they do. They met the terms of their contracts and their employers should do the same. However, if the money isn't there to pay for this then it won't be paid.