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I think it means more than that.

By linking with non-indexed wages, isn't it making a demand for the link with average earnings to be restored?

The UK state pension used to be linked to average earnings, but that was stopped by the Thatcher government, who tied it to inflation (usually lower) instead.  Hence the erosion in real terms of the amount of the basic pension.

by Sassafras on Fri Feb 5th, 2010 at 02:16:29 PM EST
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The Pensions Act 2007 (?) restored that link.  I don't know if that aspect is in force just yet.  I do have a very handy booklet on how the British pensions system works, which I used to deliver a policy workshop a few months ago.  I could diary that at some point although my notes are at work at the moment.

Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Sat Feb 6th, 2010 at 03:47:21 AM EST
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