I am glad I am not the one carving up the USS turkey
Strikes notwithstanding, more pay restraint and greater pensions contributions from UK staff seem unavoidable, writes Bernard Casey
Strikes notwithstanding, more pay restraint and greater pensions contributions from UK staff seem unavoidable, writes Bernard Casey
UUK proposal calls for next month’s ballot to be cancelled in return for a 0.5 per cent increase in employer contributions to Universities Superannuation Scheme
Biggest sector fund believes it is ?1.8 billion in the black, after fears of multibillion-pound deficits led to cuts to benefits
Institutions are exploring how to address the deficit and keep the scheme sustainable, says Anton?Muscatelli
In the debate over the level of the salary cap to be introduced into USS pensions, in which members would receive career revalued benefits (CRB) on up to ?50,000 of their salary, little seems to have...
Fund’s embrace of employer-led reforms averts massive hikes in contributions
Last week, the Employers Pension Forum published “Proposed Changes to USS – Myths, Misconceptions and Misunderstandings”. The document contains misinformation and a mistake. We focus on the section “...
We write as representatives of the Left on the Higher Education Committee and other University and College Union activists who are utterly opposed to any retreat from defending members’ pensions. We...
Multibillion-pound funding gap may leave staff footing the bill
But rising inflation means that the pension scheme’s recently reported funding position is likely to be over-optimistic, says Bill Galvin
Only 17?per cent of those enrolled in UK’s largest higher education pension scheme reported positive relationship after changes to?retirement benefits
In-depth look at scheme’s finances confirms deficit has shrunk since last valuation but ‘volatile market’ means benefits cannot be improved, yet.
Additional contribution from staff combined with 2 per cent extra from employers would be enough to keep current USS pension scheme, say experts
Universities UK says some employees could ‘contribute less and get less benefit’ but academics?say approach would ‘divide workers further’
Paul Goldberg notes that whenever a USS member moves to another scheme, their USS pension entitlement is merely index-linked, leaving USS with an excess of cash (Letters, THES, April 21). Another...