Lobby the Joint Negotiating Committee of USS
Friday 17 May, 9:30 for 10am
60 Threadneedle Street, EC2 8RP » Map
Nearest tube: Bank
Called by London Region UCU.
Our pension scheme is under attack from those who run it.
In 2018, members took 14 days of strike action in overwhelming numbers to defend our USS pension. We demonstrated that there was no deficit in the pension scheme. And the Joint Expert Panel (JEP), set up in the wake of the dispute, agreed.
There is no need to make cuts in pensions. There is no need for employees to pay more in to the scheme. The scheme is in surplus and is growing. The arguments that have been used to impose changes are specious. The JEP’s recommendations in their First Report are minor increases that the employers could afford to pick up in their entirety.
This is why UCU’s position is #NoDetriment.
However, the USS Board are refusing to implement the recommendations of the JEP. Consequently they are imposing large increases in contributions on both employees and employers. In March they pre-announced a 42.5% increase in contributions from employees — even though their own consultation of members overwhelmingly demanded no increase.
Those who run USS are undermining JEP by refusing to implement the first report. They intend to undermine the Second Report of JEP.
If they get away with this, we will pay more, and then the employers will demand 100% Defined Contribution at the next valuation round.
We have to restart the fight to defend USS.
- Come to the Lobby of the USS Joint Negotiating Committee on Friday.
- Prepare members to ballot for strike action to defend their pension.
UCU Congress, at the end of the month, will then vote on the next steps.