Discover and read the best of Twitter Threads about #NoDeficit

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Today is #USS's annual 'Institutions Meeting'. This is the first time I've been (I'm invited as a member of the Joint Negotiating Committee), but my understanding is that it's a way for USS to woo representatives from employers with presentations, food, nibbles and drinks. 1/
We *may* get a sneak preview of a 2018 valuation in one of the morning sessions: videos I've seen from previous years have included stuff relating to scheme funding. If so, it's likely to be confidential until the Technical Provisions consultation launches in a week or two. 2/
What might a 2018 valuation show? That depends on the input assumptions, but if the JEP recommendations are followed in full and applied to 2018 data I don't think we'd be far off #NoDeficit and #NoDetriment, even if Test 1 remains unamended. 3/
Read 10 tweets
Looks as though @etymologic was right: trying to find that 3rd person is a fool's errand #USS #Test1

@Sam_Marsh101's threads imply:
βœ… Current use of Test 1 irremediably broken
βœ… #NoDerisking #NoDetriment #NoDeficit
βœ… Major governance questions for USS & UUK
#USSstrike 1/
We at @OpenUPP2018 @USSbriefs are collaborating with @Sam_Marsh101 this weekend to get his findings (and, crucially, their implications for current consultation & for #JEP phase 2) into #USSbriefs form so that they can be used by #UCU & #USS Scheme members ASAP 2/
We are all profoundly indebted to @Sam_Marsh101.

His efforts to acquire the necessary data from #USS (in the face of persistence resistance/reluctance) and then to analyse them to expose the car crash of Test 1, have taken over a year.

THANK YOU Sam. πŸŒΏπŸπŸƒ #USSstrike
Read 3 tweets

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