Centre for Policy on Ageing



Sharing in the prosperity of the nation — uprating pensions
Author(s)	Paul Johnson
Corporate Author	Age Concern England - ACE
Publisher	Age Concern England, London, November 1996
Pages	8 pp (Furthering the pensions debate)
Source	Age Concern England, Astral House, 1268 London Road, London SW16 4ER.
Keywords	Pensions ; Cost of living ; Remuneration ; Measurement.
Annotation	Between 1975 and 1980 the basic state pension was statutorily linked to the rise in prices or earnings, whichever was the greater. Prior to that, increases tended to be ad hoc, but they generally kept up with earnings levels. Since 1980, the policy has been to raise the basic pension annually in line with the all items Retail Price Index (RPI), and has led to debate about whether uprating should be in line with prices or earnings. This paper considers the issues about the sort of index which could be used: the features which would need to be indexed; the objectives of different indexation mechanisms; what different indices are available and what they mean. The effect of each of five indices on the basic pension level, had any been used between 1980 and 1985, is demonstrated. (RH).
Accession Number	CPA-980324205 P
Classmark	JJ: J3C: WL: 3R *
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...from the Ageinfo database published by Centre for Policy on Ageing.