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44341
star this property human indexable true more like this
star this property published true more like this
star this property registered interest false more like this
star this property answer date less than 2014-03-25more like thismore than 2014-03-25
star this property date less than 2014-03-20more like thismore than 2014-03-20
star this property date tabled less than 2014-03-20more like thismore than 2014-03-20
star this property ddp created less than 2014-03-20T21:11:55.297Zmore like thismore than 2014-03-20T21:11:55.297Z
star this property ddp modified less than 2015-02-07T02:53:55.240Zmore like thismore than 2015-02-07T02:53:55.240Z
star this property answering body
Ministry of Defence more like this
star this property question status Tabled more like this
star this property answering dept id 11 more like this
star this property answering dept short name Defence more like this
star this property answering dept sort name Defence more like this
star this property house id 1 more like this
star this property identifier 193206 remove filter
star this property legislature
25259
unstar this property pref label House of Commons more like this
star this property parliament number 55 more like this
star this property question first answered
less than 2014-04-03T12:00:00.00Zmore like thismore than 2014-04-03T12:00:00.00Z
star this property question text To ask the Secretary of State for Defence, what savings have accrued to the Exchequer through the linking of the value of armed forces pensions to the Consumer Prices Index rather than the Retail Prices Index. more like this
star this property session
2013/14 more like this
star this property session number 3 more like this
star this property tabling member constituency Barnsley Central more like this
star this property tabling member printed
Dan Jarvis more like this
star this property title House of Commons Tabled Parliamentary Question 2013/14 193206 more like this
star this property type
WrittenParliamentaryQuestion
star this property uin 193206 more like this
star this property version 1 more like this
star this property written parliamentary question type NamedDay more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
unstar this property answer text <p> </p><p>(holding answer 25 March 2014)</p><p> </p><p> </p><p> </p><p>The Consumer Price Index (CPI) is used to set the inflation target for the Bank of England's Monetary Policy Committee; it is the headline measure of inflation in the UK as reported by the Office of National Statistics, and is an internationally comparable measure.</p><p> </p><p> </p><p> </p><p>CPI is therefore considered by the Government to be the appropriate index to provide protection from inflation, which is why both the Armed Forces and Civil Service pension schemes use this measure.</p><p> </p><p> </p><p> </p><p>The Armed Forces continue to benefit from the only major public sector pension scheme that is non-contributory.</p><p> </p><p> </p><p> </p><p>The information requested is shown in the following table. These figures are estimates:</p><p> </p><p> </p><p> </p><table><tbody><tr><td><p>Financial Year 1 (2011-12)</p></td><td><p>approx. £48 million</p></td></tr><tr><td><p>Financial Year 2 (2012-13)</p></td><td><p>approx. £67 million</p></td></tr><tr><td><p>Financial Year 3 (2013-14)</p></td><td><p>approx. £85 million</p></td></tr></tbody></table>
star this property question first answered
less than 2014-04-03T12:00:00.00Zmore like thismore than 2014-04-03T12:00:00.00Z
star this property creator
4243
star this property label Biography information for Dan Jarvis more like this
star this property publisher
25259
star this property pref label House of Commons more like this
star this property tabling member
4243
unstar this property label Biography information for Dan Jarvis more like this