Tuesday, January 19, 2016

Local interest

The RPI for December was 1.2% - the highest for 11 months. That means those on BBC Pensions under 'Old Benefits' terms will get an extra 1.2% in April.

Some may opt for more, if they's been offered a slice of PIE, the Pension Increase Exchange scheme, by BBC Director of Finance Ian Haythornthwaite. It's a deal where you, the pensioner, take jam today, in a gamble against the thinner bread of life expectancy and future inflation.

In the most recent staff pay rise, in August 2015, there was an all-round increase of 2.5%.

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