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The Government have not estimated the effect of indexing based on the consumer prices index (CPI) instead of the retail price index (RPI) over the course of retirement for specific groups in the public service pension schemes. However, the overall estimated savings in annually managed expenditure for public service pension expenditure were made available in answers to the right hon. Member for Stirling (Mrs McGuire) on 27 July 2010, Official Report, column 991W.The table shows the likely change in cash terms for each financial year from 2011 -12 to 2016-17 for public service pensioners as requested. It is based on the OBR forecasts for CPI and RPI to 2016-17.<Table width="100%" summary="" cellspacing="3" cellpadding="3" border="0"><TR><TD></TD><TD>2011-12</TD><TD>2012-13</TD><TD>2013-14</TD><TD>2014-15</TD><TD>2015-16</TD><TD>2016-17</TD></TR><TR><TD>RPI (%)</TD><TD>4.2</TD><TD>3.4</TD><TD>3.0</TD><TD>3.2</TD><TD>3.4</TD><TD>3.5</TD></TR><TR><TD>CPI (%)</TD><TD>2.8</TD><TD>2.6</TD><TD>1.9</TD><TD>2.0</TD><TD>2.0</TD><TD>2.0</TD></TR><TR><TD></TD><TD></TD><TD></TD><TD></TD><TD></TD><TD></TD><TD></TD></TR><TR><TD>£2,500</TD><TD></TD><TD></TD><TD></TD><TD></TD><TD></TD><TD></TD></TR><TR><TD>RPI (£)</TD><TD>2,605</TD><TD>2,694</TD><TD>2,774</TD><TD>2,863</TD><TD>2,961</TD><TD>3,064</TD></TR><TR><TD>CPI (£)</TD><TD>2,570</TD><TD>2,673</TD><TD>2,745</TD><TD>2,830</TD><TD>2,920</TD><TD>3,020</TD></TR><TR><TD></TD><TD></TD><TD></TD><TD></TD><TD></TD><TD></TD><TD></TD></TR><TR><TD>£5,000</TD><TD></TD><TD></TD><TD></TD><TD></TD><TD></TD><TD></TD></TR><TR><TD>RPI (£)</TD><TD>5,210</TD><TD>5,387</TD><TD>5,549</TD><TD>5,726</TD><TD>5,921</TD><TD>6,128</TD></TR><TR><TD>CPI (£)</TD><TD>5,140</TD><TD>5,345</TD><TD>5,489</TD><TD>5,660</TD><TD>5,841</TD><TD>6,039</TD></TR><TR><TD></TD><TD></TD><TD></TD><TD></TD><TD></TD><TD></TD><TD></TD></TR><TR><TD>£10,000</TD><TD></TD><TD></TD><TD></TD><TD></TD><TD></TD><TD></TD></TR><TR><TD>RPI (£)</TD><TD>10,420</TD><TD>10,774</TD><TD>11,098</TD><TD>11,453</TD><TD>11,842</TD><TD>12,256</TD></TR><TR><TD>CPI (£)</TD><TD>10,280</TD><TD>10,691</TD><TD>10,979</TD><TD>11,319</TD><TD>11,682</TD><TD>12,079</TD></TR><TR><TD></TD><TD></TD><TD></TD><TD></TD><TD></TD><TD></TD><TD></TD></TR><TR><TD>£20,000</TD><TD></TD><TD></TD><TD></TD><TD></TD><TD></TD><TD></TD></TR><TR><TD>RPI (£)</TD><TD>20,840</TD><TD>21,549</TD><TD>22,195</TD><TD>22,905</TD><TD>23,684</TD><TD>24,513</TD></TR><TR><TD>CPI (£)</TD><TD>20,560</TD><TD>21,382</TD><TD>21,958</TD><TD>22,639</TD><TD>23,363</TD><TD>24,158</TD></TR></Table>Individual public service pension schemes are the responsibility of the relevant administering departments and in the case of the civil service pension scheme this would be the Cabinet Office. |