Jun 25
Short Summary (TL; DR) Please oppose Option A in the upcoming survey on the USS that management is about to send out. It involves huge cuts to pensions based on an unjustified and debunked valuation. Please complete the HQ survey (previously circulated by email) to indicate when would be the best time to take action as a …
Apr 28
Lines dividing the UCU and UUK positions regarding the 2020 USS Trustee valuation are regrettably becoming clearer. In an email sent yesterday, Jo Grady wrote that, rather than attempt to pressure the trustees into reforming their reverse-engineered and unjustified valuation, UUK ‘is proposing massive cuts to USS members’ retirement benefits and is consulting [our employers] …
Apr 19
Overview The USS 2020 valuation is not fit for purpose, the governance of USS is not fit for purpose. The behaviour of the Pensions Regulator is at odds with its remit. The situation has changed considerably since 2019 when UUK had ‘full confidence in the way the giant USS scheme was being run’ FT, July …