The decision. Trinity College Council has decided to pay £30m to buy out of the USS pension scheme used by much of the UK HE sector. A Special College Meeting held on 21 June 2019 to consider the Council’s decision…
Trinity’s public case for withdrawal – a Rebuttal
TRINITY’S PUBLIC CASE FOR WITHDRAWAL Trinity College has paid £30 million to buy the College out of the USS pension scheme. In public, it has presented this decision as a means of averting the remote risk that, under the “last…
Open letter to the Council and Fellows of Trinity College, Cambridge (updated 8 June)
On Friday 24 May Trinity College announced that it will be exiting USS in spite of staff opposition. As Cambridge UCU have emphasised, Trinity’s withdrawal will not in itself affect the financial viability of USS, or the strength of the employer…
May 2019 update on USS
Members will recall from our last USS update that with the first phase of contribution increases from the 2017 valuation now in effect, the USS trustee has since the end of February been considering a proposal from Universities UK for…
Comment on Trinity College exit from USS
Cambridge UCU naturally regrets the decision made by Trinity College Council to leave USS – but not because it will make a significant difference the strength to the employer covenant or undermine USS’s financial position. As Trinity acknowledge, and has been…
USS Update
It is almost exactly a year since Universities UK, in response to sustained industrial action by UCU members in defence of their pension benefits, proposed the establishment of a Joint Expert Panel (JEP) on the USS valuation. Much has happened…
Employer views on the JEP: UUK’s report on the latest consultation with USS employers
UUK have now published an analysis of responses to the employer consultation on the recommendations of the USS Joint Expert Panel. 127 employers responded, between them accounting for 94% of active USS members. (UUK says they “represent” those members, which is doubtful.) 118…
Finally asking the right questions? Some comments on the UUK employer consultation on the JEP recommendations for USS
Last week Universities UK published a consultation document, to be sent to all USS employers, in response to the report and recommendations of the Joint Expert Panel on USS. All USS employers – from the University of Manchester to the…