BT loses court case over pension benefit changes
Had the appeal been successful, over 80,000 members would have been affected, losing out by £24,000 each on average for section C members of the scheme, according to trade union Prospect. Sections A and B of the scheme are already linked to CPI.
Prospect argued the company was "seeking to cut the future incomes of BT pensioners and current employees by tens of thousands of pounds in order to transfer an estimated £2 billion to shareholders". Rather than conceding defeat, BT responded to the ruling by saying it would consider its next move.