Unions have accepted the Universities UK offer, but there is plenty of unfinished business – and not just with pensions
Members of the University and College Union have voted 64% to 36% to suspend industrial action in their campaign to defend guaranteed pensions. They have accepted the proposals of the employers’ organisation, Universities UK, to set up a “joint expert panel” to consider the valuation of the Universities Superannuation Scheme (USS) fund.
They have not done so with any great faith in Universities UK’s commitment to sustaining existing levels of provision, nor with any conviction that the employers’ underlying determination to reduce their pension liabilities has suddenly disappeared.
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