Proceeding contribution from John McDonnell (Labour) in the House of Commons on Thursday, 1 March 2012. It occurred during Backbench debate and e-petition debate on CPI/RPI Pensions Uprating.
CPI/RPI Pensions Uprating
That is also a move that I would not have supported, so I am being consistent in my opposition. I am sure that delegations of Labour party organisers and others will be making representations to the party on the matter. As I was saying, there is also a sense of unfairness, in that people who have done the right thing, joined a pension scheme and saved through their scheme to protect themselves in their retirement are now seeing their pension undermined and, in some instances, even put at risk. The effects of the shift from RPI to CPI are serious for millions of ordinary people who have pursued a career and invested in a pension with the expectation of a decent pension.
Secondary information
- Type
- Proceeding contribution
- Reference
- 541 c453
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Civil service Judgements Local government NHS Police Workplace pensions Public sector Teachers Uprating Retail prices index Consumer prices index
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- Timestamp
- 2023-12-15 15:51:40 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_813645
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