The budget change to the indexing of pensions from retail price index (RPI) to consumer prices index (CPI) slashes the average public sector pension by at least £650 a year, the Trades Union Congress says.
The union said an eighty year-old pensioner with an average public sector pension of £5,500 would be more than £650 a year worse off, if the budget's indexing change from the RPI inflation measure ...
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