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imported>Charles Cresswell |
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| (CPI).
| | The salary to which the pay related formula in a Defined Benefit pension scheme is applied. |
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| | Pensionable salary will often be lower than total salary as a result of certain deductions (to exclude for example any overtime or bonus payments). |
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| The Consumer Prices Index is a leading measure of inflation in the UK, calculated as the change from month to month in the prices of a standard basket of consumer goods and services.
| | == See also == |
| | * [[Accrued benefits]] |
| | * [[Defined benefit pension scheme]] |
| | * [[Earnings cap]] |
| | * [[Pensionable service]] |
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| The CPI replaced the Retail Prices Index (RPI) for a number of purposes as a primary measure of inflation in the UK.
| | [[Category:Manage_risks]] |
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| Previously known as the Harmonised Index of Consumer Prices (HICP).
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| The Consumer Price Index is one of the leading inflation indices used in the US. Its uses include the limited indexation of certain US pensions.
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| More generally, a consumer prices index is a statistical estimate constructed using the prices of a defined sample of representative consumer items, such as goods and services, whose prices are collected periodically.
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| The index is compared to a base period to give an estimate of periodic inflation rates.
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| ==See also==
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| * [[Cost of living adjustment]]
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| * [[Harmonised index of consumer prices]]
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| * [[Inflation]]
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| * [[Output price index]]
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| * [[Producer Price Index]]
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| * [[Retail Prices Index]]
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| * [[Services Producer Price Index]]
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| * [[Treasury inflation-indexed securities]]
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Revision as of 22:36, 28 June 2013
The salary to which the pay related formula in a Defined Benefit pension scheme is applied.
Pensionable salary will often be lower than total salary as a result of certain deductions (to exclude for example any overtime or bonus payments).
See also
