Tag Archives: UUK
The magnitude of the challenge facing University staff – Mike Otsuka
Normally, an employers closing a DB plan for future accrual wouldn’t be that controversial, but our universities aren’t normal employers and these are not normal times, Mike Otsuka gives the background to the impending dispute between the Universities, its staff … Continue reading
“No alternative methodology was proposed” – Mike Otsuka calls UUK
Why it matters that this claim of UUK’s is false UUK’s Q&As on the USS valuation from mid-December end on a perplexingly obviously false note, which I highlight in bold: “UCU have raised a number of concerns regarding the USS valuation … Continue reading
The incoherence of UUK’s attitude towards risk – Mike Otsuka
Low risk is intolerable when shared by 350 institutions but high risk is fine when borne by workers individually USS’s current troubles, and UUK’s proposed solution, reflect an incoherent attitude toward risk on the part of our employers. Their responsibility … Continue reading
Posted in pensions, USS, Value for Money, welfare
Tagged Mike Otsuka, pensions, Risk, USS, UUK
10 Comments
Is the USS really in crisis?
Professor Dennis Leech is Emeritus Professor of Economics at Warwick University. This week has seen the University Employers threaten to withdraw sponsorship for future DB accrual, the University Union announce intended strike action and the DWP Select Committee ask fundamental questions about … Continue reading
Posted in pensions, USS
Tagged Dennis Leech, first actuarial, Funding, pensions, The Pensions Regulator, USS, UUK
16 Comments
A brave and timely response to UUK’s proposals
I was wondering how to react to news that the UUK (the employers of university staff) is proposing to axe future Defined Benefit accrual into the USS. Anger or sorrow seemed the two main candidates as I flew back last night. I was … Continue reading
Posted in advice gap, pensions, Trades Union Congress
Tagged defined benefit, Hilary Salt, John Ralfe, pensions, UCU, USS, UUK
7 Comments