March 25th, 2018
The Vice-Chancellor has published a new blog confirming that the University supports a proposal published on Friday evening which could resolve the current USS pensions dispute. Universities UK and the University and College Union are consulting their respective members on the proposal.
The proposal would see the pension scheme maintained as it is until at least April 2019, and the industrial action suspended, while a jointly agreed independent panel of experts reviews the valuation of the scheme.
The detail of the proposal is as follows:
Support for this process will need to be sought from the USS trustees and the Pensions Regulator, recognising their statutory responsibilities. Both UCU and UUK will make the necessary approaches to seek this support.
Should this process prove acceptable to all parties this could provide the basis for the UCU to consult its branches and members on ending the industrial action currently underway within the sector.
Tags: Industrial Action, pensions, UCU, Universities UK, University and Colleges Union, USS, UUK, Vice Chancellor
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