The USS pension scheme changes

Submitted by admin on Wed, 10/08/2014 - 20:41

Chris Mason is the Pension Support Official at the National UCU Office and will be speaking at Aston to UCU members on

Wednesday 15th October at 1-2, MB518

Please make every effort to attend so that you are fully aware of the seriousness of the proposed USS changes. You should all have received your ballot papers and we are recommending you vote YES for both types of action. The proposed changes would mean staff in pre-1992 universities will be on a worse pension than those in new universities who are on the Teachers Pension Scheme, TPS. As Sally Hunt said: "Even allowing for higher contribution rates in TPS, the difference is startling. Someone aged 40 with 15 years’ service who retires on £45,954 would have an annual pension worth 56% more in TPS than in USS."

Our branch committee would also like to remind members that action short of a strike is not necessarily an easier option than strike action. It can involve things like ongoing marking boycotts which can be difficult to implement and exposes individuals to management pressure. So we urge you to vote Yes for both strike action and action short of a strike. It allows the UCU to select the most appropriate action and also has the benefit of putting all participants in the same position at the same time, with greater profile and visibility as a result.