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USS Dispute

A lot has happened since members voted to accept the creation of a Joint Expert Panel (JEP) that would examine the valuation of our pension scheme.  Members may well have been confused by the letter from USS in early September that pre-empted the findings of the JEP.  Indeed, the language of this letter was so opaque that some members have suggested it should be forwarded to the financial regulator for investigation!  Nevertheless, the JEP has now published its first report and it is widely considered a full vindication of our industrial action.  Even the Financial Times has claimed that the JEP report challenges the march towards defined contribution pension schemes that had ‘for the past decade appeared unstoppable’!

UCU’s superannuation working group (SWG) has endorsed the recommendations of the JEP and called on UUK and USS to do similar.  UUK is now canvassing its members for a response to the JEP report and we encourage members to lobby the Vice Chancellor and other members of the UEA Executive team to ensure that our institutional submission backs the JEP’s findings.  Given the importance that earlier consultations played in the initial dispute – forming the basis of UUK’s decision to reject greater institutional risk – it is vital that the UEA executive honours commitments it made during the industrial action and backs the findings of the JEP without reservation.  The UUK consultation closes at noon on Tuesday 30th October. 

Over the next month, the Branch committee will be hosting resources (or links to resources) on this website. We would encourage all members to highlight resources that they have found useful and would welcome any comments or updates.   These should be sent to ucu.office@uea.ac.uk or tweeted to @UEA_UCU.