Govt is considering decisive action to deal with pension fund deficits

[AtW]

Finally, decisive action!!!



At last they'll fix it!!!

"The government is considering cuts to British Steel pension benefits in a bid to save Tata Steel's UK operations.

On Thursday, ministers are expected to announce a consultation on proposals that the annual pension increase be based on the Consumer Price inflation measure, which is usually below the Retail Price measure currently used.

Tata Steel is currently considering bids for its loss-making UK operations.

That sale process has been made more difficult by the £485m pension deficit"

Source: Pension benefits may be cut in bid to solve Tata Steel crisis - BBC News

An even better, fair way would be to create realistic Pensioners Inflation Index which would only take into account the stuff that old people buy, you've heard it on here first.

[jamesbrown]

An even better, fair way would be to create realistic Pensioners Inflation Index which would only take into account the stuff that old people buy, you've heard it on here first.

I nominate your pension for the Werthers Original Inflation Index. As a dirty spekulant, I'll be opting for either HPI or the stratosphere, whichever is higher.

[DimPrawn]

Me 'ouse is me pension 'innit?

CPI 0.0001%
HPI 25%

Which one should we all pile our money into? A bit of paper sold by a spiv, or some lovely bricks 'n' mortar chock full of immigrant renters.

[AtW]

I nominate your pension for the Werthers Original Inflation Index. As a dirty spekulant, I'll be opting for either HPI or the stratosphere, whichever is higher.

I don't have a pension... other than whatever the state is supposed to provide.

[vetran]

I don't have a pension... other than whatever the state is supposed to provide.

coming over here taking our benefits. So you & Ambromavich will be a net cost then

[jamesbrown]

I don't have a pension... other than whatever the state is supposed to provide.

I'm marginally ahead of you, in that I have one with enough money to purchase an adult nappy at 2050 prices. Not a believer in pensions. Too prone to the whims of Gidiots.

[BrilloPad]

As long as the government makes up the difference then fine.