USS reforms ‘would cut guaranteed pension income by 35 per cent’
Union says vice-chancellors’ shake-up would leave staff thousands of pounds out of pocket annually, but universities say current benefits are unaffordable

Union says vice-chancellors’ shake-up would leave staff thousands of pounds out of pocket annually, but universities say current benefits are unaffordable

In letter to vice-chancellors, Universities UK says it is ‘disappointed’ sector’s biggest pension fund will not conduct a review of controversial valuation

Consultation opens into the terms, scope and structure of the review, which aims to identify ‘meaningful and implementable’ changes

Amid another round of strikes, the pension scheme chair’s assertion that changes are unavoidable cannot stand unchallenged, says Neil Davies

As more strikes loom, UCU believes fresh assessment of pension fund would show employers’ justification for cuts has ‘evaporated’

More than 1 million students on 68Â campuses to be affected, as union splits walkouts by dispute

Union warns that employers ‘have offered very little to dissuade members from voting for another round of industrial action’

Ballot result comes days before UCU plans to poll its members on whether to take action over below inflation pay rises

Universities UK raises concern about influence of regulator on fund’s valuation, while indicating possible reforms to benefits

Fund’s embrace of employer-led reforms averts massive hikes in contributions

‘Unaffordable’ contribution increases proposed by Universities Superannuation Scheme mean member benefits may be up for debate once more

Switch to aggregated voting means staff at 149 UK universities could walk out if union gets majority turnout and support

Barely half of campuses pass 50 per cent voting threshold required for walkouts to go ahead

Universities UK says increases are unaffordable for employers and risk pricing even more staff out of scheme