BBC News – Pension switch ruled lawful by High Court
The government’s public sector pensions policy has been given a major boost following a High Court ruling.
Trade unions had complained about how pensions are being protected against inflation, with the Consumer Prices Index (CPI) replacing the faster-rising Retail Prices Index (RPI).
The High Court has now ruled that the government’s switch was lawful.
This confirms a reduction in the value of future annual pension increases for millions of public sector pensioners.
The policy also saves the government billions of pounds in the coming years and is a major area of disagreement within the public sector pensions dispute.
Up to two million public sector workers went on strike on Wednesday over pension rights.