Pensions: preempt the Treasury
The USS is bloated with money for two reasons: the unanticipated decline in academic pay has caused a corresponding fall in actuarial liability for the USS, and because whenever a USS member moves to...
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Final-salary pension in peril
Universities UK predicts stark choices in future retirement provision for academics. Melanie Newman reports. Academics may have to lose their final-salary pension schemes, according to a Universities...
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Top-up pensions contributions
John Mitchell (Letters, THES, April 28) seemingly thinks research grant-holders, rather than universities, are "employers" of those whose salaries are funded by the grant. The Association of...
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Nightmare scenarios
Have we learned nothing in the past six years about the difference between mathematical models and the real world? If you put garbage into a mathematical model, you will get garbage out. If you model...
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Talks aim to create single pension
Discussions have opened to bring all academics into one pension scheme, possibly as early as the end of next year. Universities UK and the Department for Education and Skills are hoping to end one of...
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Members should be on the USS's conscience
Andrew Oswald's Soapbox article last week calling on the Universities Supperannuation Scheme to increase members' pensions has attracted a flurry of support (Letters, opposite). Staff at universities...
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Letter: Pension fuming
Academics who criticise Nottingham for taking tobacco cash should scrutinise their pension plans. When I was offered membership of the Universities' Superannuation Scheme, more than 10 per cent of...
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UUK obstinacy has forced UCU marking boycott
Sally Hunt explains why union members are taking action this week over changes to pensions
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Top-up pensions contributions
Perhaps it is time for a radical rethink of the Universities Superannuation Scheme (THES, April 18, 21, 28), one that embraces both the concerns of USS chief executive David Chynoweth about stability...
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Pension crisis on cards
University non-teaching staff are more likely to become embroiled in the pensions crisis besetting the private sector than their academic colleagues, according to credit ratings agency Standard &...
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Under-strain USS moots higher retirement age
Academics joining old universities could see their retirement age rise above 65 as the Universities Superannuation Scheme launches a major consultation exercise to meet increased pension costs. The...
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Calculating the pensions pay-off
I am surprised that there appears to be so much misunderstanding as to USS pension benefits. I would indeed have been delighted on retirement 18 months ago to have received a tax-free, six-figure...
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Pensions: preempt the Treasury
I find Oswald's suggestion that the value of USS pensions be increased an attractive one. As actuaries are by nature conservative, it would be useful to have an actuary's view on the USS's financial...
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The pension millionaire game
Pension chiefs should learn tobe more open and ask the audience, says Andrew Oswald Chris Tarrant: Welcome to the only show where you, the regular person, can win riches. I believe you are Ulysses....
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Hundreds in line for windfall from USS
Hundreds of retired academics may get windfalls of up to £30,000 as the universities pensions scheme corrects an anomaly that went unnoticed for nine years. The Universities Superannuation Scheme is...