In early January 2010, Ford informed Unite that it intended to use the CPI (consumer price index) to calculate its inflation linked increases to its pension scheme payments, rather than the longstanding and normally higher RPI (retail price index). The Unite union believes that this move would mean a significant financial loss to workers over the years of their pension entitlement. It has calculated that for the current 11,000 members working for Ford and the 30,000 former Ford workers who currently draw a company pension, the loss could be as much as 14%.
Work and Employment Research Unit (WERU), University of Hertfordshire. (Ref. 110177)
In early January 2010, Ford informed Unite that it intended to use the CPI (consumer price index) to calculate its inflation linked increases to its pension scheme payments, rather than the longstanding and normally higher RPI (retail price index). The Unite union believes that this move would mean a significant financial loss to workers over the years of their pension entitlement. It has calculated that for th
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