Pensions
Union Threatens Strike Over Cuts at UK’s Largest Pension
The University and College Union says industrial action is now ‘inevitable.’
Although strikes are now suspended, legal mandates will stay live until pension scheme recognizes agreement.
Proposal calls for guaranteed pension comparable with current plan.
UCU gearing up for additional 14-day strike during exam, assessment period.
New proposals pitched in Tuesday meeting.
Two-month consultation for scheme members to begin end of March.
Strikes began Thursday over plans to remove defined benefit element from university employees’ pensions.
UCU plans four weeks of strikes after pension dispute talks end without a deal.
Average professor could lose over $200k in benefits under new plan.
Union calls for strike over proposal to move participants into defined contribution plans.