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(holding answer 25 March 2014)<\/p>

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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>

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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>

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The Armed Forces continue to benefit from the only major public sector pension scheme that is non-contributory.<\/p>

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The information requested is shown in the following table. These figures are estimates:<\/p>

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Financial Year 1 (2011-12)<\/p><\/td>

approx. £48 million<\/p><\/td><\/tr>

Financial Year 2 (2012-13)<\/p><\/td>

approx. £67 million<\/p><\/td><\/tr>

Financial Year 3 (2013-14)<\/p><\/td>

approx. £85 million<\/p><\/td><\/tr><\/tbody><\/table>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3938", "label" : {"_value" : "Biography information for Anna Soubry"} } , "answeringMemberConstituency" : {"_value" : "Broxtowe"} , "answeringMemberPrinted" : {"_value" : "Anna Soubry"} , "dateOfAnswer" : {"_value" : "2014-04-03", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2014-04-03T12:00:00.00Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "11"} , "answeringDeptShortName" : {"_value" : "Defence"} , "answeringDeptSortName" : {"_value" : "Defence"} , "date" : {"_value" : "2014-03-20", "_datatype" : "dateTime"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "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.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4243", "label" : {"_value" : "Biography information for Dan Jarvis"} } , "tablingMemberConstituency" : {"_value" : "Barnsley Central"} , "tablingMemberPrinted" : [{"_value" : "Dan Jarvis"} ], "uin" : "193206"} ], "itemsPerPage" : 10, "page" : 0, "startIndex" : 1, "totalResults" : 1, "type" : ["http://purl.org/linked-data/api/vocab#ListEndpoint", "http://purl.org/linked-data/api/vocab#Page"]} }