Consumer price index (835,-666)

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• Judgment 4057

  
  127th Session, 2019
  World Trade Organization
  Extracts: EN, FR
  Full Judgment Text: EN, FR
  Summary: The complainant challenges the decision to reduce her pension on the basis of a reduction of the consumer price index.

  Consideration 3

  Extract:

  A consumer price index is typically a measure of movements from time to time in the prices of a basket of goods or services, usually relative to a base point established some time earlier. While often, historically, those movements have been upwards (that is, increasing relative to the base point), the very nature of the index will mean there will be downward movements at times of deflation when the price of the basket of goods and services tends towards the base point. The language of Article 32(b), and in particular the word “adjusted”, makes clear that the retirement benefits will be adjusted upwards or downwards (and potentially remain constant) depending on the movement in the Swiss consumer price index.

  Keywords:

  consumer price index; cost-of-living increase; pension; pension adjustment system;