My quick thoughts on the email from Sally Hunt. They'll have to be quick because we have a branch meeting for all members at 1pm! (mini-thread)
First, it is apparent there is a split in views amongst the union leadership. In several places, the text says "I" when it should say "we".
Differences of opinion are natural. A challenge for the union is to accommodate differences while presenting a united front.
This line suggests to me that it is likely the HEC will proceed to balloting the members, whatever the verdict of branch meetings. But I might be wrong.
(I think Sally meant to write "UCU branches" here).
Sally is clear that she has not seen any change of heart by the employers. I'm glad SH is clear-headed about this, because it is what I would expect, given the high level at which the DC transition has been planned over several years (see e.g. @felicitycallard's excellent work).
The text on #NoDetriment worries me. Personally, I am not arguing for #NoDetriment, as I would accept the UCU proposal originally put to ACAS, based on the Sep valuation. But ...
... SH recommends those in favour of #NoDetriment should vote AGAINST the proposal *when* (not if) given an opportunity. I think this is bad advice, and seems destined to split the Union down the middle.
On whether the DC move is gone for good, SH equivocates: it is "indefinitely suspended". However we should not forget that it is presently the default position of the JNC, if nothing else is agreed.
On the Pension Regulator, SH is also vague, but I have some sympathy here because of the delphic & inscrutable way tPR appears to operates ...
In some places, we should beware of the words used. "Inter-generational fairness" has been used by employers as an argument in *favour* of DC schemes, due to the ongoing deficit payments to sustain the DB scheme. (Again, as noted by @felicitycallard)
I am glad that SH recognises that further industrial action remains on the table, if UUK or USS block the proposal unfairly.
I forgot to note at the beginning that SH regards this as a "final response", not a starting point for negotiation. Nevertheless, I think branches meetings this week should still recommend constructive ways this proposal can be tightened up.
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Some key points:
1) Bangor admits to being financially stretched -
"we can't just increase contributions without major challenges"
"the USS scheme that may prejudice the future viability or existence of the Institution"
Three key figures of the #USS pensions dispute were working together in Birmingham on the SMT back in 2012: Alistair Jarvis, David Eastwood and Adam Tickell.
Alistair Jarvis, sans beard, was the Director of Communications & Marketing.
From "Enhancing Birmingham's Reputation" to "Trashing UniversitiesUK's Reputation" in 5 short years.
If only he had stuck to Happiness Lectures ...
Here is Birmingham's VC weighing in on the hot topic of the day - whether or not Birmingham should have an elected mayor.
Prof Sir David Eastwood is now the Chairman of the Board of #USS Trustees. He's also on the Board of UUK, as a "President's nominee" (Prof Dame Janet Beer)
Title: "Draft Response for Colleges to USS consultation 9 2017final to Bursars.pdf"
From: The co-chair of University's Pensions Working Group.
To: All college bursars.
Author: a Director of Xafinity Consulting.
Date: 21st Sep 2017.
THREAD 👇
This is a missing piece of the jigsaw on "collusion" in Cambridge. The document confirms that a University Working Group, set up by Finance Committee, put together a preferred survey response, and sent to bursars. ±12 bursars responded for their colleges, without GB oversight.
The document which has just come to light is the recommended survey response - and was sent as an attachment to the email sent out to Bursars on 21st Sep, the text of which was leaked to @MikeOtsuka here: medium.com/@mikeotsuka/em…
This is a Thread of Threads, to keep track of what I have written on the #USS pensions issue, particularly focussing on the dodgy September survey by UUK, and the role of Cambridge and Oxford.
In reverse chronological order:
1. On FoI documents showing that Cambridge college bursars "colluded" to give *the same* response to the survey.
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2. On Cambridge bursars & their backgrounds in finance:
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NEW: How 18 Bursars from Cambridge and Oxford got together at OXCAM on 20th September 2017, and helped "steer" the @UniversitiesUK consultation on #USS pension risk. THREAD 👇
Here is a summary of what was discussed on 20th Sep at OXCAM re: the USS scheme. Read on for context & comment ...
Recap: UniversitiesUK claimed in October that "42%" of "HE institutions" had REJECTED the level of risk proposed by the #USS trustees, precipitating a crisis in the Defined-Benefit pension scheme and, indirectly, to this ongoing strike.