National petition to the Universities UK board at the USS institutions meeting on Thursday 4 December in London.
‘We the undersigned believe that the USS pension scheme is an important benefit to university staff as well as a significant factor in the recruitment and retention of high quality staff for member institutions.
‘We note that the employers’ initial proposals would have meant a reduction in annual pension income of up to 27% for staff. We call upon the USS Board to agree a fair method of valuation which reflects the underlying strength of the USS fund. We call upon university managements to support such an approach and to work with UCU to develop a pension scheme which ensures all eligible existing and future staff, including casualised staff, benefit from a decent guaranteed pension income.’