A group of public sector unions will begin a High Court challenge today over the way public sector pensions are calculated.
Using the consumer price index (CPI) instead of the traditionally higher retail price index (RPI) was "unfair" on millions of workers, union leaders said, according to the Press Association. The move by Chancellor George Osborne, which came into effect in April this year, will cost public sector pensioners around 15% if CPI remains 1.2% lower than RPI, they said. Fire Brigades Union (FBU) general secretary Matt Wrack said the government's actions could be unlawful. "This is a vicious attack on existing and future pensioners that could cost them tens of thousands of pounds," he said...
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