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Deftly turning the tables on Labor, he criticized government efforts to hold the line on pension increases as "miserly" and said pensioners were the "unwanted, unwelcome and uncool guests at New Labor's banquet".
CPI linking will mean smaller pension increases for many hard-pressed pensioners and will lead to the pension falling below the real cost of living.
This confirms a reduction in the value of future annual pension increases for millions of public sector pensioners.
But Chancellor George Osborne told the BBC no pensioner would be worse off in cash terms, and said state pension increases would leave them better off.
He said that entry into the PPF would mean future pension increases being significantly reduced, while 58,000 members who have not reached pensionable age would see their payments fall by "at least 10%".
Martin made pension increases his top priority.
Federal employees: Pay and pension increases since 1969.
The agreements cover wage and pension increases, and health benefits.
B3 Deal on Pension Increases State leaders in Albany reached agreement on giving annual cost-of-living pension increases to retired state and local government workers.
Germany curtailed annual government pension increases and raised the retirement age by two years, to 67.
These included changes to accrual rates, which determine the amount a pension increases each year.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com