Matthew's Report into OZ Defence Pensions Side-Lined
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Join Date: Sep 2000
Location: England
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When you vote on Saturday.....
Keep in the forefront of your mind that only Tony Abbott has promised to redress this situation.
The other mob just don't want to know and the Greens think defence is a strategy in a chess game.
The other mob just don't want to know and the Greens think defence is a strategy in a chess game.
Join Date: Apr 2010
Location: Lower Silesia
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That "RPI versus CPI" RORT
Ministers have been studying plans to allow funds to water down their own rules promising members minimum annual increases in pension payments.
About six in 10 private-sector pension schemes have clear rules dictating that members' pension payments should increase every year in line with the retail prices index (RPI) measure of inflation.
Steve Webb, the pensions minister, will publish today a consultation on changes that could allow schemes to override their rules and increase payments according to the consumer price index (CPI) instead, which is generally significantly lower.
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About six in 10 private-sector pension schemes have clear rules dictating that members' pension payments should increase every year in line with the retail prices index (RPI) measure of inflation.
Steve Webb, the pensions minister, will publish today a consultation on changes that could allow schemes to override their rules and increase payments according to the consumer price index (CPI) instead, which is generally significantly lower.
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