USS Campaign: Please use your vote! Please vote YES!
UCU is balloting members for industrial action with regard to possible changes to the USS pension scheme.
The proposals for change include the closure of the final salary section of USS, the move of all members into an inferior career average scheme, and a £40,000 earnings cap above which benefits will not be CRB but a new defined contribution pot, the income from which would depend upon investment performance and would not be guaranteed.
Joanna de Groot, UCU Vice President, chair of the UCU Higher Education Committee and a long-standing USS member writes:
These proposals will affect all current and future members of USS, and leave you and me in a scheme which is much worse than the Teachers' Pension Scheme (TPS) of which our colleagues in post-1992 institutions are members. We are talking about annual losses of tens of thousands of pounds for many of us, and for some scheme members losses of over a quarter of the current value of their pension (please see details here).
You will probably already have seen that on 19 September a delegate conference of pre-1992 branches voted by a large majority to accept the recommendation of our USS negotiators that we ballot our members on industrial action. This action is intended to support the negotiators in putting pressure on the employers to address the major problems posed by their proposals. The ballot runs from 1-20 October and we are asking members to vote YES both for strike action and for non-strike action, which will include an immediate setting, marking and assessment boycott.
We know that this is a tough ask, but the seriousness of the problem we face means that we must show the employers the strength of our opposition to their initial proposals. Colleagues should be absolutely clear – this is the most serious attack on our pay and conditions in recent times…
We need the largest turnout and YES vote possible
You may also wish to look at:
Susan Cooper's analysis of the proposals:
Oxford University’s own response to the UUK on the proposed changes to USS: www.admin.ox.ac.uk/finance/pensions/uss/ussconsultation.
Whatever your decision, if you have a University contract, please participate in the ballot! (College-only employees will not be balloted).