Submitted on Saturday 6th August 2011
Published on Monday 8th August 2011
Current status: Closed
Closed: Tuesday 8th November 2011
Signatures: 10
Index link all pensions to nominal GNI (or GDP) per capita
All state and public sector (and ideally private) pensions should be index linked to GNI per capita.
The reasons for this are:-
(1) To ensure pensions track the economy as a whole (upwards or downwards).
(2) To stop the perpetual arguments (of political convenience) of whether to link to CPI, RPI, earnings or a fixed rate.
(3) To protect older preserved rights from erosion based on newer costs.
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