Are you a member of the Universities Superannuation Scheme (USS)?

This isn’t the most exciting post, I appreciate, but if you are a USS member, we need to know about it…

The higher education employers represented by Universities UK (UUK) have proposed significant changes to the USS pension scheme. USS is the pension scheme predominantly for academic and related staff in pre-1992 institutions. The University and College Union (UCU) has sole negotiation rights for members of the scheme. However, some UNISON branches will have members in the scheme because some members of staff at the University will have transferred here from other universities where USS is common and retained their USS membership.

USS is currently a hybrid pension scheme, with defined benefits for earnings up to £55,000 with defined contribution benefits above this threshold. Universities UK (UUK) has tabled a proposal to change the benefits of the scheme from September 2018 so that the scheme becomes a defined contribution scheme only for all USS members. Defined contribution schemes are usually significantly worse than defined benefit schemes. Under these proposals, all past service in the defined benefit section of the scheme would be protected. However, UNISON believes that these proposed changes are unnecessary and represent a significant and damaging cut to member’s benefits.

Meetings between UCU, USS and the employers are continuing.

UNISON and other support staff unions have argued that because we have members in the scheme we should be fully involved in these negotiations but this has previously been rejected by both the employers and UCU. Nonetheless, to ensure our members’ interests are put forward we will continue to work closely with UCU on changes to the scheme and submit details of our negotiating priorities for them to take forward.

USS is the largest pension scheme in the higher education sector and there is a clear danger that if the USS implements these detrimental changes, this will impact on other pension schemes in the sector.

As you may be aware, UCU is currently balloting its members on taking industrial action in pre 1992 universities concerning these changes. This ballot opened 28 November 2017 and is due to close on 19 January 2018 with an expectation that any action will commence mid-February.

UNISON met with UUK recently to express our concerns at the proposals and warn that unless they are improved that we also may take action.

UNISON’s Higher Education Service Group Executive is trying to ascertain the exact details of the negotiations and will be discussing the issue at their next meeting on 10 January 2018 to decide what course of action UNISON will be taking in response to the proposals. This will include the potential for industrial action.

If you are a member of USS, please let us know as soon as possible so that we can keep you informed of what is happening.

Leave a Reply

Your email address will not be published. Required fields are marked *

Skip to toolbar