Warning of hefty blow to pensioners
Changes to the way increases in public-sector pensions are calculated could wipe as much as 15% off their value, unions and analysts have warned.
The use of CPI inflation to measure price increases influencing pension upgrades instead of the often higher-rising RPI measure is expected to mean a pensioner drawing £10,000 a year will see nearly £47,000 shaved off their pension pot, according to some calculations.