Professor Karen Cox

USS pension situation – staff message from Karen Cox

I am writing to acknowledge the difficult situation we all find ourselves in with regard to the national situation on USS pensions. I absolutely respect colleagues’ right to take action in the way they are, in response to a situation that we all thought had been resolved a few years ago now. I and many of us across the University have urged for, and will continue to urge for, ongoing discussions at national level to resolve this issue and have consistently raised questions over the decision to de-risk the USS investment strategy with UUK and USS. However, we recognise that there are pressures from the Pensions Regulator and from other member universities to ensure that the scheme has a lower risk profile and that the Joint Negotiating Committee has had to balance the competing views. We all wish to see a sustainable pension scheme that does not require revision every few years, with the uncertainty and disruption that would be brought by this.

In the meantime we are seeking to mitigate, as far as is possible, any impact of the proposed industrial action on our students by implementing approaches adopted in the past at Kent. We will keep our colleagues and our students up to date as the situation relating to any strike action unfolds. Please visit the following web pages for more information and our position statement on this issue:

Professor Karen Cox | Vice-Chancellor and President