Universities UK finally retreated and abandoned these wage-slashing hikes. We forced them to back down on their theft and ensured that the burden does not fall on the people keeping these institutions alive. Stay alert because we will not hesitate to organize again if these corporate bureaucrats try to balance …
May 17, 2019
Final supporters
Defend USS, Not a Penny More from October, #NoDetriment, Restart the Dispute
We, the undersigned, call on Universities UK not to impose additional USS contributions on scheme members from 1 October 2019. Members were notified by letter in March of a 10% increase in contributions from April 1st - despite the USS member consultation showing overwhelming support for the proposals of the Joint Expert Panel (JEP) to balance the scheme, and no support for paying more into it.
Secondly, we call on UCU to restart the USS dispute, and ballot members for industrial action if UUK make additional deductions from salary from 1 October. USS have told members this could take total contributions to 10.4% (a total 30% increase over the current 8%), with a further increase to 11.4% (a total 42.5% increase) in April 2020. If any increases are imposed on the scheme, they should be paid for by the employers. We should insist on #NoDetriment, where members’ contributions are brought back to 8%.
We are being shortchanged. For most of the lifetime of USS, members paid 7.5% for a Final Salary scheme. The case for additional payments has been blown apart by mathematicians, statisticians and actuaries.
We pledge to build the biggest possible turnout in an industrial action ballot to restart the USS dispute, should this prove necessary.
Updates
Reached 250 supporters
April 5, 2019
April 2, 2019
Universities UK continues to ignore our collective demand to stop these predatory contribution hikes. They think they can bleed us dry while we wait for their next move but they are wrong. We are preparing to force their hand because our pensions are not their piggy bank.
Reached 100 supporters
March 25, 2019
64 Comments
USS has assets of £60bn, outgoings of £2bn p.a., contributions of £2bn p.a., prudent investment income of £2bn p.a. How is an excess of £2bn of income over outgoings a deficit? Don't be conned by tramline thinking.
As Co-chair of Bournemouth University UCU and the Southern Region Committee of UCU I have heard the concerns and anger of members of the USS. There is no detriment. The USS must implement the JEP. in full.
Salaries cut by almost 20% over the last 10 years and now employers want us to increase our pension contributions to 42.5%. Talk about adding insult to injury - you couldn't make it up!
The JEP report, an initiative for a resolution both sides had agreed on, was strongly, scientifically substantiated. Not fully implementing it means the employers' side is U-turning. Last year we showed how we reply to the employers' disrespecting us; how dedicated and how effective we can be. Let's prepare for action again.
Very disappointed by lack of transparency from USS, as well by the way certain people within the organisation are playing games with our deferred pay. Am ready to go on the picket line again if that’s what it takes to make sure beneficiaries are properly and legally treated.
USS must listen to JEP and their members
USS is wilfully ignoring the conclusions of the JEP and as such the fight must resume to overturn any detriment proposed.
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Universities UK finally retreated and abandoned these wage-slashing hikes. We forced them to back down on their theft and ensured that the burden does not fall on the people keeping these institutions alive. Stay alert because we will not hesitate to organize again if these corporate bureaucrats try to balance …
May 17, 2019
Final supporters
Defend USS, Not a Penny More from October, #NoDetriment, Restart the Dispute
We, the undersigned, call on Universities UK not to impose additional USS contributions on scheme members from 1 October 2019. Members were notified by letter in March of a 10% increase in contributions from April 1st - despite the USS member consultation showing overwhelming support for the proposals of the Joint Expert Panel (JEP) to balance the scheme, and no support for paying more into it.
Secondly, we call on UCU to restart the USS dispute, and ballot members for industrial action if UUK make additional deductions from salary from 1 October. USS have told members this could take total contributions to 10.4% (a total 30% increase over the current 8%), with a further increase to 11.4% (a total 42.5% increase) in April 2020. If any increases are imposed on the scheme, they should be paid for by the employers. We should insist on #NoDetriment, where members’ contributions are brought back to 8%.
We are being shortchanged. For most of the lifetime of USS, members paid 7.5% for a Final Salary scheme. The case for additional payments has been blown apart by mathematicians, statisticians and actuaries.
We pledge to build the biggest possible turnout in an industrial action ballot to restart the USS dispute, should this prove necessary.
Updates
Reached 250 supporters
April 5, 2019
April 2, 2019
Universities UK continues to ignore our collective demand to stop these predatory contribution hikes. They think they can bleed us dry while we wait for their next move but they are wrong. We are preparing to force their hand because our pensions are not their piggy bank.
Reached 100 supporters
March 25, 2019
64 Comments
It's bad enough not getting inflationary pay rises, but this is unacceptable. it's already difficult to recruit staff, this will make it even harder to retain those that we already have.
USS has assets of £60bn, outgoings of £2bn p.a., contributions of £2bn p.a., prudent investment income of £2bn p.a. How is an excess of £2bn of income over outgoings a deficit? Don't be conned by tramline thinking.
As Co-chair of Bournemouth University UCU and the Southern Region Committee of UCU I have heard the concerns and anger of members of the USS. There is no detriment. The USS must implement the JEP. in full.
Salaries cut by almost 20% over the last 10 years and now employers want us to increase our pension contributions to 42.5%. Talk about adding insult to injury - you couldn't make it up!
The JEP report, an initiative for a resolution both sides had agreed on, was strongly, scientifically substantiated. Not fully implementing it means the employers' side is U-turning. Last year we showed how we reply to the employers' disrespecting us; how dedicated and how effective we can be. Let's prepare for action again.
Very disappointed by lack of transparency from USS, as well by the way certain people within the organisation are playing games with our deferred pay. Am ready to go on the picket line again if that’s what it takes to make sure beneficiaries are properly and legally treated.
USS must listen to JEP and their members
USS is wilfully ignoring the conclusions of the JEP and as such the fight must resume to overturn any detriment proposed.
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It's bad enough not getting inflationary pay rises, but this is unacceptable. it's already difficult to recruit staff, this will make it even harder to retain those that we already have.