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Proceeding contribution from Danny Alexander (Liberal Democrat) in the House of Commons on Wednesday, 2 November 2011. It occurred during Ministerial statement on Public Service Pensions.


Public Service Pensions

I think the hon. Lady may have been trying to welcome the protection of accrued rights, in which case I am grateful for her comments. She is right that the switch from RPI is a change to public service pensions that will reduce the benefits over the long term, although that will depend on the scheme and the individual involved. However, it is the right thing to do, because we are talking about the measure of inflation used by the Bank of England to set rates. The answer to the hon. Lady's question will depend on the individual scheme and the individual person.


Secondary information

Type
Proceeding contribution
Reference
534 c933 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Contributions Workplace pensions Public sector Reform Trade unions Strike ballots Strikes
Link
View this Proceeding contribution on www.publications.parliament.uk