22 February 2012
The petition by Jim Singer - currently the fifth most popular on the government's e-petition website with more than 109,000 signatories - says the imposed switch from using the retail price index to the traditionally lower consumer price index to determine annual pensions increases is unfair and should be reversed.
It states the change will "mean a steady reduction in spending power for pensioners as they progress into their retirement".
The move was introduced by chancellor George Osborne in his June 2010 budget without any prior consultation or negotiation and ministers have since refused any negotiations on the issue that is one of three main reasons why two million public sector workers were on strike on 30 November last year.
It is also the subject of a judicial review appeal by PCS and six other unions heard in the High Court earlier this week.
It is estimated the change will cost public sector workers about £15,000 over an average retirement, and it has also been applied to many private sector pensions, wiping an estimated £75 billion off their value.
The debate, to be held in the House of Commons on Thursday 1 March, was secured by John McDonnell MP, the chair of PCS's parliamentary group and a staunch supporter of unions and the public sector.
PCS general secretary Mark Serwotka said: "This is a tribute to our member Jim for his initiative and his hard work in getting people to sign it. Minsters need to get back round the table to talk about reversing this switch and their other unnecessary and damaging cuts to the pensions of millions of public servants.
"This is one of the main reasons why two million public sector workers were on strike on 30 November. We are continuing to fight government plans to force public sector workers to work longer and pay more for less in retirement, including widespread co-ordinated industrial action."
Civil servant and PCS member Jim Singer said: "I'm delighted that we've finally secured the debate. I was particularly annoyed by this change because I've worked for the government for 35 years and for all that time I was guaranteed a pension that would rise by RPI.
"This switch will make me and many workers in the private and public sectors thousands of pounds worse off."
- Download our Fair Pensions for All pamphlet (pdf)
- Read PCS's alternative to the cuts
- Contact the PCS press office
- Follow PCS on Twitter
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