The CWU has welcomed the decision of the BT Pension Scheme (BTPS) Trustees to mount a landmark legal challenge to Government’s plans to ditch the time-honoured Retail Price Index (RPI) inflation measure.
Amid concerns the Government’s decision last November to scrap time-honoured RPI calculations in 2030 – replacing it with the typically lower Consumer Prices Index (CPI) measure that includes housing (CPIH) – will significantly lower some indexation rates after that date, the BTPS has joined forces with the Ford and M&S pension schemes in seeking a Judicial Review of the decision.
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