Unions: RPI pension switch breaches Human Rights Act

Yesterday, a judicial review of the government's decision to index public sector pensions by CPI instead of RPI began at the High Court. Lawyers acting for unions will argue over the course of the hearing that the switch to CPI breaches the Human Rights Act as it will affect the value accrued benefits, not just future benefits, the Guardian reports. On Monday unions said the switch, which came into force in April, reduces the pension benefits by 15% on average because CPI is 1.2 per cent lower on average than RPI, the Financial Times reports. Lawyers acting for the government said ...