糖心Vlog

UCU Left defiant on pension deal

Letter urges university staff to reject new pensions offer and renew strike action, despite warnings that success is unlikely

Published on
January 22, 2015
Last updated
June 10, 2015

Source: Alamy

Ding ding: nine NEC members urge staff to 鈥榖uild for hard-hitting industrial action鈥

University staff have been urged to reject an improved pension deal and resume industrial action, despite warnings that there is little chance of winning further concessions.

Any acceptance of new proposals for the Universities Superannuation Scheme would be 鈥渄isastrous鈥 for members and leave many of them unable to retire, according to a statement signed by nine members of the University and College Union鈥檚 national executive committee allied to UCU Left.

They call on members to 鈥渢hrow out the offer鈥 and 鈥渂uild for hard-hitting industrial action鈥, advising 鈥渆scalating national strike action and a marking boycott鈥.

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Members at 69 pre-92 universities have until 26 January to vote on whether to accept the potential joint proposal for reform, which has been developed by employers and the UCU.

Under the new offer, the UCU鈥檚 final salary scheme would close from March 2016, with all of the USS鈥 150,000 active members paying into a career average scheme.

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They will receive a pension income based on one-75th of their average income, multiplied by the number of years worked 鈥 instead of the previously mooted one-80th 鈥 resulting in higher income on retirement. In addition, fewer people will be hit by a salary cap on defined benefit contributions, which was previously set at 拢50,000 and has now risen to 拢55,000. But staff will be expected to pay 8 per cent of their salary into the scheme instead of the 6.5 per cent proposed in October, with employer contributions rising from 16 per cent to 18 per cent.

The UCU Left claims that the new offer is only marginally better than the one overwhelmingly rejected by members, who held a marking boycott in November to protest against the changes. 鈥淭he apparent improvements over the [Universities UK] offer are due to increased employee contributions,鈥 it says.

However, UCU鈥檚 Independent Broad Left, whose members comprise the majority of UCU鈥檚 national executive committee and negotiating team, said that negotiators believed they had 鈥渁chieved the maximum movement which was reasonably possible from USS and UUK without extremely long and intensive industrial action鈥.

鈥淎 series of one-day strikes and action short of a strike [a marking boycott] would be unlikely to bring success,鈥 according to a letter signed by Jimmy Donaghey, chair of the UCU superannuation working group, and 11 higher education committee members.

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On the UCU Left鈥檚 claim that the deficit 鈥 now estimated to have risen to 拢20 billion because of worsening market conditions 鈥 is illusory, it adds 鈥渢he reality of us changing what is regarded as economic orthodoxy鈥s an immense task鈥.

jack.grove@tesglobal.com

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