RPI to CPI Early Day Motion 1032

cvd

And another article:

http://www.efinancialnews.com/story/2011-05-04/ba-pensions-discontent-naps

Apparently pensioners of Lloyds Bank will get CPI or RPI depending on whether or not they previously worked for TSB.

Haybob

Thanks for the link Ripoff but I was unable to get it to work from your post so I have included it again here.

http://www.efinancialnews.com/story/2011-04-26/new-inflation-rules-create-pension-lottery

As a section B BT pensioner, BT thinks my cost of living rises by CPI but a colleage with section C has a cost of living that must be higher so gets RPI. Thanks to this government its nice to know that we are all in this together (NOT).

Ripoff_2

Haybob wrote: »

Thanks for the link Ripoff but I was unable to get it to work from your post so I have included it again here.

http://www.efinancialnews.com/story/2011-04-26/new-inflation-rules-create-pension-lottery

As a section B BT pensioner, BT thinks my cost of living rises by CPI but a colleage with section C has a cost of living that must be higher so gets RPI. Thanks to this government its nice to know that we are all in this together (NOT).

Time to use your vote wisely at the ballot box today Haybob, ALL pensioners affected need to send the Coalition a very clear message and this is just one way of doing that.

As I have said many times Haybob, this change is disgraceful, it's clearly wrong and needs putting right, it goes to prove how wrong it is with the example you highlight.

The Tory/LD Coalition's argument on this is rubbish and clearly wrong when different groups are being treated differently by the same pension scheme, especially when they paid into that scheme at the same level of payments as other members. As is the case with the BT scheme.

This alone is discrimination and therefore can be challenged on that basis I would have thought. Both schemes should be indexed as before at RPI, to move section B to CPI is disgusting and oppertunist by BT but in the end the Tory/LD Government are to blame they changed the policy without fully understanding the consequences. They will now have legal challenges for years over this I would suspect.

Sorry about the link not working and thanks for re-publishing it.

Ripoff

Interested_Taxpayer

teacher_retired wrote: »

I have just been informed by NASUWT that they too have launched a legal challenge to this change in the High Court on behal of the teaching profession. Obviously any favourable judgement would reflect elsewhere.

PCS, the FBU and the POA have joined with the NASUWT in seeking a judicial review. Their joint action launched yesterday and together they represent a large number of public sector workers. I see PCS are looking for strike action as well. Where are the Health Service Unions?

www.pcs.org.uk/en/news_and_events/news_centre/index.cfm/id/3B270AF6-BF40-4E1C-97629EFD81980E39

www.fbu.org.uk/?p=3046

www.poauk.org.uk/index.php?press-releases&newsdetail=20110504-2_public-service-pensions-unions-launch-high-court-challenge-to-cpi-switch

www.nasuwt.org.uk/Whatsnew/NASUWTNews/PressReleases/LegalChallengeMountedAgainstDaylightPensionsRobbery/NASUWT_007765

Haybob

Yes Ripoff, I've already voted by post some time ago, I couldn't wait to send my humble clear message. I will always vote tactically against this lib/con coalition since at my age my pension is a very important part of my life. To devalue what in good faith we paid for is a scandal and I hope that all affected make it a priority to keep fighting against this wrong.

teacher_retired

Haybob wrote: »

Yes Ripoff, I've already voted by post some time ago, I couldn't wait to send my humble clear message. I will always vote tactically against this lib/con coalition since at my age my pension is a very important part of my life. To devalue what in good faith we paid for is a scandal and I hope that all affected make it a priority to keep fighting against this wrong.

Well said. I believe dogged persistence by everyone will eventually be rewarded.

Ripoff_2

After the crushing defeat of the LD's in the Local Elections perhaps it's now time for us ALL to write to Steve Webb the LD pension Minister again outlining how your voting intensions were directly affected by this issue and how you feel betrayed and robbed by the RPI to CPI change. Keep up the pressure on him to re-think the changes and for him and the LD's to do the right thing, by not implimenting next years uprating at CPI and restoring RPI. It's only by highlighting to them our strong feelings on this issue that the message will ever get across to them.

I have already written mine not only to Steve Webb but copies to Cameron, Osborne, Clegg, the DWP and my own MP.

Let them know how you really feel, don't hold back.

ordinaryman

I absolutely agree Ripoff!

The clear message sent today to the Condems is that their policies for the economy, particularly the cuts to pensions and benefits are anathema to the British Public and that, if they continue to pursue them they will not simply be toast, but will be consigned to the dustbin of history!

Steve Webb, in particular, with his partners in crime IDS, Danny Alexander, Osborne, and their Treasury minions should note that, if they continue to refuse to honour the Government promise and contract to uprate Public Sector Pensions by the Retail Prices Index, then millions of Public Sector Employees and Pensioners will extract electoral revenge on a scale that will ensure that no Conservative or Social Democratic Government will take power for generations.

Any sensible, right-thinking middle-of-the-road citizen will tell you-
Whatever you do - do not touch our Pensions - they belong to us - we have earned them. If you need to make changes to taxation, fiscal adjustments or whatever, so be it. But do not attempt to rob us of what is rightfully ours! You have been warned!:mad:

Haybob

It is absolutely right to continue to protest and send letters to the offenders as I believe this momentum must increase over time. As previously said you can adjust taxes up or down as situations change but you don’t change what we have paid for by degrading our pensions. The coalition (especially the Liberals) like to take every opportunity when on radio/TV to claim how they have helped pensioners now that the OAP uplift is based on average earnings (cpi or 2.5%) replacing the RPI . However the likely reality is that wages for the foreseeable future will be lower than the CPI leave alone the RPI and if so OAP will also be only lifted by the CPI. It is then that difference between the RPI and CPI will become apparent to the political classes and in the meantime we must continue to fight against these pension pirates.

Ripoff_2

Have the BT pensioners seen this? http://www.dailymail.co.uk/money/article-1384631/BT-reveal-70-rise-profits-pension-surplus.html?ITO=1490 and I understand Unison is now thinking of joining the judicial review, good the more the better.