TUC criticises switch to CPI for public sector indexing

Posted on Jul 07, 2010

The Trades Union Congress has criticised the Chancellor's decision to change the indexing of public sector pensions from the Retail Price Index (RPI) to the Consumer Prices Index (CPI), claiming that it will reduce the average pension by £650 a year.

Brendan Barber, TUC General Secretary, commented that "Public sector staff have been told their pensions would be linked to RPI inflation. This has been changed without any negotiation or consultation."