The USS 2020 pension valuation is a catastrophe. Yet UUK is using this catastrophic valuation to push through significant cuts to the pensions of current staff and future generations of university staff. UUK has been misleading employers and scheme members throughout the consultations and is now aiming to push these cuts through in February.
This is why we need a strong ballot result in January.
Misleading statements, repeated at Exeter and the actual cost of the Backstop
UUK, the committee of Vice-Chancellors, is repeatedly producing misleading information about negotiations, the level of cuts and the cost of maintaining benefits. This information is being repeated by University leaders. For example all staff at Exeter were emailed on 1 September with the following
we may be able to avoid the significant planned increase in employee…
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