Six public sector organisations have applied for a High Court judicial review of the government's decision to link increases in public sector pensions to the consumer prices index (CPI).
Until recently, pensions have been uprated every year according to the retail price index (RPI). But from this month the government switched the link to the CPI, which is currently 1.3% lower than RPI. Civil Service Pensioners' Alliance (CSPA), the Police Federation, the National Association of Retired Police Officers, the FDA, the GMB and Prospect are leading the challenge to the DWP. If their application is successful, the review will be carried out within the next three months, the Press Association reports. "Two and a half million pensioners are drawing public sector pensions ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes