We are disappointed that University of Exeter’s final response to Universities UK (UUK) took little account of the comments from the three Unions, UCU, Unite and UNISON. The response did not mention sustainable and ethical investments. It was broadly in favour of the UUK proposals with limited support for covenant strengthening and nervousness around our suggestion of a 30-year moratorium which many other Universities have supported. It did not condemn the suggestion to adopt a DC scheme for lower paid staff. UCU’s principle of ending the cycle of increasing contributions and cuts to pensions was not accepted since this was not deemed compatible with a defined benefit pension scheme.
We disagree- UCU are committed to resisting the cuts proposed by UUK and have launched a modelling tool, which illustrates the size of the cut which UUK has proposed to your personal retirement. The modeller is available here. This tool is by far the most detailed and accessible source of personalised information about what UUK is planning.
No member login is needed, so please circulate as widely as possible– after using the tool you’ll be asked to complete a brief survey, to be filled in by 9 June.
Together we can build a concerted opposition to UUK’s proposals before next USS Joint Negotiating Committee on Monday 14 June.