Pension plans would cost staff ‘tens of thousands’, says union
University staff would see “tens of thousands of pounds a year wiped off their pensions” if Universities UK plans for change are introduced.

University staff would see “tens of thousands of pounds a year wiped off their pensions” if Universities UK plans for change are introduced.

Union members have overwhelmingly backed plans for industrial action over changes to pensions
In a letter to ߣߣƵ on 10 March ("Employers, it's Acas or action - your choice"), Sally Hunt, the University and College Union's general secretary, threatens strike action to...
Fury as chair suggests employers could question UCU's involvement in the USS. John Morgan writes

Bill Galvin optimistic about future despite massive deficit
Higher education employers have won their battle to cut benefits in the sector’s main pension scheme, raising the prospect of further industrial action.The University and College Union’s negotiators...
Experts predict 'unsustainable' USS fund will close within 10 years. Jack Grove reports
In "Candid Cantor" (Letters, 31 March), Daniel Vulliamy misreads Brian Cantor's letter of 17 March on the Universities Superannuation Scheme and quotes him out of context. As Cantor points out, the...
UCU to ballot over 'seriously disruptive action' as employers get their way. John Morgan reports
Union bid to expose hard-line v-cs who refuse to call for talks on pensions, writes John Morgan

A £9.8 billion shortfall in the main university pension scheme could be payable if Scotland left the UK following a vote on independence in 2014
The refusal of the employers to negotiate on changes to the USS and a national jobs agreement indicates a "no-compromise" position. They clearly want to take advantage of the government's...
Proposals to remove the retirement age should be good news for the academic superannuation pot, but Darrel Ince warns that there are downsides as well
The "high-risk" investment strategy pursued by the Universities Superannuation Scheme has been a bigger problem for pensions than rising life expectancy, an academic has claimed.
Final-salary deals still in balance as employers and unions fail to agree. John Morgan reports