* Posts by Ascoyne

1 publicly visible post • joined 19 Jan 2018

Court throws out BT's plans to reduce pension rates

Ascoyne

Re: Possible error?

Apart from getting the relative value of CPI and RPI the wrong way round they've also mis-represented who belongs in the different sections.

Section A and B are for people who joined BT before 1984 and Section C for those who joined later (or when the defined pension scheme was closed.

Also section A and B people (the vast majority of pensioners) are on CPI. Why BT set up the new scheme (Section C) with RPI but managed to change the earlier schemes to CPI is unknown to me.

If you think about it wouldn't it seem odd to call the earlier schemes Section C then the later ones A and B?