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This petition needs as many sigs as poss. If HM Gov get a low response, they'll believe they have evidence that the majority of us are all happy to have our pensions permanently latched to sub-inflation rates, thereby incresasing our suffering & misery into old age.
Please don't let them walk away with the wrong impression.
This is not just affected company pensions, it applies to the state pension too so please pass the message round.
http://epetitions.direct.gov.uk/petitions/1535
'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'.
I have posted this at the request of a member as it will affect some people now and most people at some stage.
Regards
Doug
Please don't let them walk away with the wrong impression.
This is not just affected company pensions, it applies to the state pension too so please pass the message round.
http://epetitions.direct.gov.uk/petitions/1535
'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'.
I have posted this at the request of a member as it will affect some people now and most people at some stage.
Regards
Doug
