CPI RPI and the Pension
Esteemed members
I left the Service this year and the pension is being paid at the correct rate at the right time. I am conscious of the pension being index linked, but what is the mechanism for this?
Is there a certain value (I seem to recall a change from RPI to CPI some time ago)?
Is the % value taken over a set time and does it come into effect at that time?
Grateful for your answers, it's just I'd like to know what is happening for my first year.