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I wish we had one
I wish we had one
Good luck to them all I say, I think the nurses are challenging too through the legal route.
It is a massive shame that we don't have someone to voice our views.
I know my paperwork specified RPI at the time. Big decisions were made on the back of it.
I wish we had one
Good luck to them all I say, I think the nurses are challenging too through the legal route.
It is a massive shame that we don't have someone to voice our views.
I know my paperwork specified RPI at the time. Big decisions were made on the back of it.
Dan_Brown
Sergeant
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don't know how true this is:
http://www.theregister.co.uk/2011/09/09/committee_cannot_debate_epetitions_without_more_time/
http://www.theregister.co.uk/2011/09/09/committee_cannot_debate_epetitions_without_more_time/
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CC
Guest
Wouldn't f*****g surprise me one bit, government t*****s. Petition is now sat at just over 50,500
DT_Xtremez_14:
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lister876
Guest
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CC
Guest
Now sat at over 78,000, thanks to everyone for your help.
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CC
Guest
This petition has now over 100k signatures, so it will have to be debated in Parliament. Sadly, following the recent unsuccessful legal challenge, I'm not holding out much hope but thanks to everyone who 'signed' it. DT_Xtremez_27:
DT_Xtremez_27:needsabiggerfuse
Flight Sergeant
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I've just done a bit of research on what the difference is between RPI and CPI. Speaking as a mathematician, G0d I hate statisticians!
The CPI calculates the average price increase as a percentage for a basket of 600 different goods and services. Around the middle of each month it collects information on prices of these commodities from 120,000 different retailing outlets. Note that unlike the RPI, the CPI takes the geometric mean of prices to aggregate items at the lowest levels, instead of the arithmetic mean. This means that the CPI will generally be lower than the RPI.
The mean, in mathematics, is a type of average, which indicates the central tendency or typical value of a set of numbers. With the arithmetic mean, the numbers are added together then divided by how many numbers there are in the set. The geometric mean is similar to the arithmetic mean, except that the numbers are multiplied and then the nth root (where n is the count of numbers in the set) of the resulting product is taken.
The CPI calculates the average price increase as a percentage for a basket of 600 different goods and services. Around the middle of each month it collects information on prices of these commodities from 120,000 different retailing outlets. Note that unlike the RPI, the CPI takes the geometric mean of prices to aggregate items at the lowest levels, instead of the arithmetic mean. This means that the CPI will generally be lower than the RPI.
The mean, in mathematics, is a type of average, which indicates the central tendency or typical value of a set of numbers. With the arithmetic mean, the numbers are added together then divided by how many numbers there are in the set. The geometric mean is similar to the arithmetic mean, except that the numbers are multiplied and then the nth root (where n is the count of numbers in the set) of the resulting product is taken.
SirSaltyHelmet
Thoroughly Nice Chap
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And if I put all that in Google translate?
translation
translation
CPI means less pension growth! Simples!
(doesn't include house purchases, which is why there is not much difference between the two at the minute)
translation
CPI means less pension growth! Simples!
(doesn't include house purchases, which is why there is not much difference between the two at the minute)
needsabiggerfuse
Flight Sergeant
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Simply put the CPI is designed to be lower than the RPI.
The problem that the Govt is probably is trying to head off, a bit like it headed of the Baby Boomer retirement crisis by getting rid of the default retirement age, is once the economy picks up the costs of Mortages will have to go up, probably by quite a bit, therefore RPI will shoot up. If the RPI remained the governments preferred measure then not only pensions but a lot of benefits too would be linked to it so if you think all the moaning about the benefits going up at the moment was bad then think how much bumping of gums would happen then.
One hidden cost for all pensions on career average pension schemes (all future govt pensions) is that rather than your annualised benefits going up with CPI rather than RPI therefore your early years of benefits will be at least 50% less than it would have been under RPI and considerably less than Final Salary based one.
Changes need to be made as we all live longer but these changes are all negative and all at once and without proper consultation.
The problem that the Govt is probably is trying to head off, a bit like it headed of the Baby Boomer retirement crisis by getting rid of the default retirement age, is once the economy picks up the costs of Mortages will have to go up, probably by quite a bit, therefore RPI will shoot up. If the RPI remained the governments preferred measure then not only pensions but a lot of benefits too would be linked to it so if you think all the moaning about the benefits going up at the moment was bad then think how much bumping of gums would happen then.
One hidden cost for all pensions on career average pension schemes (all future govt pensions) is that rather than your annualised benefits going up with CPI rather than RPI therefore your early years of benefits will be at least 50% less than it would have been under RPI and considerably less than Final Salary based one.
Changes need to be made as we all live longer but these changes are all negative and all at once and without proper consultation.