Arab Today, arab today millions of workers lose pension battle with government
Last Updated : GMT 12:27:49
Arab Today, arab today
Arab Today, arab today

Millions of workers lose pension battle with government

Arab Today, arab today

Arab Today, arab today Millions of workers lose pension battle with government

London - Arabstoday

Three appeal judges have unanimously refused to overturn a High Court 2-1 majority ruling last December which backed the Government\'s approach. The case relates to Work and Pensions Secretary Iain Duncan Smith\'s decision to use the consumer price index (CPI) instead of the normally faster-rising retail price index (RPI) to measure price increases influencing pension upgrades. The unions say the CPI route will see the value of pensions cut by up to 20pc over a normal retirement, costing every affected worker thousands of pounds. They accused the Government of unlawfully attempting to reduce pension costs in the battle to cut the UK\'s financial deficit. The change from RPI to CPI is expected to save almost £6bn a year by 2014. But the Court said that where there were two different indexes, either of which could properly be used for the purpose of uprating public sector pensions, it was permissible for the Government to take into account the effect on the national economy when choosing between them.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today millions of workers lose pension battle with government Arab Today, arab today millions of workers lose pension battle with government

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today millions of workers lose pension battle with government Arab Today, arab today millions of workers lose pension battle with government

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday