Currently, there is a consultation of UCU members in pre-92 universities on their willingness to undertake industrial action to stop the destruction of the USS pension scheme. Carlo Morelli and Marion Hersh, members of the UCU Joint Negotiating Committee for USS, make the case for voting YES for action to defend pensions.
USS is consulting with employers and has suggested closing the Defined Benefits (DB) pension scheme and replacing it by a fully Defined Contributions (DC) scheme or significantly reducing the threshold e.g. to £15,000, with pension on salaries above that in the DC scheme.
This would be a real disaster for all USS members. … Read on ...