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Important: on amending the current "offer" from UUK. A number of people have asked whether it is possible to argue for an amendment/counter offer at this stage. Here we explain, given confirmed information about the status of this offer, why this is possible & necessary...
First: the "offer" does *not* have the status of an agreed or negotiated offer between UUK and our negotiating team. Has now been confirmed by an elected negotiator, that a) the text has *not* undergone any discussion/negotiation by the negotiators, b) it arrived Fri. 2.30pm...
as part of a conference call and was released to members just after 4pm - a space of 2 hours-ish, with no modification or assessment by the negotiators, c) UCU negotiators *were told that they could not make any changes to the text* as it was a UUK document, d) the negotiators...
To clarify: there is a win but it is only on pushing the timetable. There is no clear win in *substance* of offer. As many have pointed out, a) DB until April 2019 was guaranteed anyway, b) the Independent Panel is worded as within a) "regulatory framework" and ...ctd.
...b) "affordability". There is no commitment to look at framework ( = assumptions that caused the deficit) or approach the Pensions Regulator/Gov't on that, so deficit is built in (maybe slightly smaller, but still there). So no actual commitment in offer that secures...
DB benefit structure. Additionally: the part that mentions looking at solution "broadly" in line with DB benefits, not a guarantee of any kind - remember UUK thought new DC scheme was broadly in line with existing DB - "broadly" is v broad for them...In sum...
