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Strike ready. An update on USS, and a warning.

Members of USS pension scheme are now paying an extra 0.8% into their pension scheme and have received a USS member letter explaining that there are more increases to come in October and next April. Our employers are no longer matching the additional 1% contributions that some members opted to make to try to restore some of the benefits they were promised.

Your pension is deferred salary. Against the backdrop of a below inflation pay rise these increases in contributions represent yet another cut in your pay.

The pension strike last year fought off threats of a Defined Contribution only scheme that would be much worse for all members. The strike also won independent scrutiny of USS via the Joint Expert Panel (JEP). At the time of the strike, UCU was in dispute with many employers (Southampton included) who, represented by UUK, were allied with USS to try to force detrimental changes to the pension scheme.

UCU responded with the longest and largest strike action we have ever taken. In the months following the strike, we have seen many employers shift their position, in the light of evidence presented to them and in consultation with staff and unions. Many employers have now accepted the JEP recommendations in full (sadly not this University). Frustratingly, at a time when UCU and UUK are in agreement, USS are refusing to listen and are insisting that the employers sign up to contingent contributions

The JEP was highly critical of the USS position and changes to the valuation of our pension. The JEP has more work to do regarding governance of the pension scheme, and the heavily contested valuation methodology. A new, 2018 valuation will be completed by the end of June 2019. The University of Southampton has invited Brendan Mulkern back to run a couple of talks on 29/4 and 2/5 to update staff (we note that Mr Mulkern is Senior Pensions Adviser to UUK, although this is not listed on the advert about these workshops.)

We are clear that increased contributions from members are unnecessary. We continue to support the recommendations of the JEP.

Members here, in a branch that does not make decisions to take industrial action lightly, were clear last year that reductions in pension benefits are not acceptable. The recent ballot also showed significant support for action on pay and equality, even though we did not quite achieve the 50% turnout required by anti-trades union law.

In the face of threats to our pension, and unnecessary increases in USS deductions from our pay and yet another derisory pay offer from our employers we may have to take action again. Reluctantly, we ask UCU members to start saving money (if they can) and to be ready for further strike action. We have had enough of cuts to pay, reduction in pension benefits and a system which casualises and overloads our staff. Our #DinosaurOf Solidarity may be sleeping, but we know that members here can, and will, “Rise Like Lions” when pushed.

 

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