The Great Pensions Robbery

The Mirror reports that from April 1, all public service pensions will be calculated using the Consumer Price Index rate of inflation – which currently stands at just 3.1%. Pensions were previously increased in line with the higher Retail Price Index, which is now at 4.8%.

UNISON General Secretary Dave Prentis said: “George Osborne is the great pension robber. This is a huge cut which the Conservatives are making to the pensions of some of the lowest paid workers in the country – and they are doing it by stealth. Everyone knows that the poorest pay a higher proportion of their income on the basics of life and once again this Government is choosing to hit the poorest the hardest.”
http://www.mirror.co.uk/news/politics/2011/02/04/george-osborne-branded-great-pension-robber-115875-22897234/#ixzz1D24KSk2L