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  Forum for former BBC staff › › Pensions › Negative RPI
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Negative RPI (Read 8941 times)
poneill
Ex Member
Negative RPI
Nov 24th, 2008, 4:34pm  
What happens if RPI goes negative next year, as some are predicting?

Pension decreases?
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Re: Negative RPI
Reply #1 - Nov 30th, 2008, 9:53am  
Interesting question.  No idea what the answer is.  

I see that next month's (December's) RPI is expected to be around four per cent - and that's the one the 2009 increase will be based upon.

So the  "negative RPI" scenario, which has been mentioned by the Governor of the Band of England, could trouble the Trustees this time next year.
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poneill
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Re: Negative RPI
Reply #2 - Feb 17th, 2009, 12:31pm  
I E-Mailed the BBC Pension scheme and had this response:

Hi Patrick

If RPI reaches a negative amount, your pension would remain the same and not decrease.

Thanks

Jo Morgan
Service Line Co-ordinator, BBC People
BRITISH BROADCASTING CORPORATION
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Amigo
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Re: Negative RPI
Reply #3 - Feb 17th, 2009, 3:17pm  
That's OK then.

Very reassuring.
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Re: Negative RPI
Reply #4 - Feb 17th, 2009, 6:25pm  
Well done poneill!

What's not quite so encouraging is the information on the BBC Pensions website that the increase this year will be 0.9% (which is what the December RPI figure turned out to be).

Read their words here.
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