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11 JAN 2012

Dissent in the High Court over changes to public sector pensions

The High Court, by a majority, has held that changes to public sector pensions were lawful. The Government had decided to change the basis on which public sector pensions would be adjusted for inflation from the Retail Price Index (RPI) to the Consumer Price Index (CPI). This was done as a money saving initiative and is likely to see a reduction in the value of public sector pensions over time.

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