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January 15th, 2020:

Dates set for talks on future of USS pension scheme

Dates set for talks on future of USS pension scheme

Five January dates have been set for meetings to look at reforming the USS pension scheme. UCU members of the scheme took eight days’ strike action before Christmas as part of a row over changes to the scheme and disputes over pay and equalities.

Representatives from the union, Universities UK and USS will attend meetings chaired by the chair of the USS Joint Expert Panel (JEP) Joanne Segars. The recent second report from the JEP, looking at the valuation process of USS and the scheme’s governance, had called for meetings between the different parties.

UCU general secretary Jo Grady will attend on behalf of the union and UUK has said its chief executive Alistair Jarvis will attend. USS Group chief executive Bill Galvin will also attend, along with a representative from the USS Trustee Board.

An update will be posted on the JEP website within seven days of each meeting. There may be more meetings, depending on progress, and the group will engage positively with The Pensions Regulator and involve them in discussions if appropriate.

Speaking to Union News, UCU general secretary Jo Grady said: ‘We are keen to get going with these talks and to work with all parties to look seriously at how we can reform USS. If we are to avoid further disruption at universities over USS then we all need to work together and look at issues like the valuation and the scheme’s governance.’