Discover and read the best of Twitter Threads about #resileandresubmit

Most recents (4)

#USS followers: this is so interesting. Test 1 wasn't mentioned *at all* at #USS Institutions' Meeting. For all those of us interested in #STS – in understanding how concepts, methods, alliances & commitments grow strong, or become weak – the #USS dispute keeps on giving
And chuckle at Qu 12 of @USSemployers' latest Q&A: "What is going to happen to Test 1?" ussemployers.org.uk/sites/default/…

What, indeed? Will Bill Galvin ever #ResileAndResubmit?

UUK can't provide clear answer to their question, of course, while Bill chooses not to #ResileAndResubmit 2/ Screen shot of
Remember Bill Galvin's statement on Test 1 of 22 November: 3/3
Read 3 tweets
So: #USS is undertaking a new valuation (of funding position in March 2018). 1/ #USSstrike
Bill Galvin, #USS CEO, implicitly puts onus on #UUK for problems of 2017 valuation, stating that employers had given a "very clear view" to USS to "take less risk than was laid out in its [USS's] original proposals" uss.co.uk/how-uss-is-run… 2/ screen shot of part of document linked to in tweet
There is clearly dispute between #USS and #UUK over this: the #JEP, we should remember, said that it had 'not taken a view' on the differing perspectives of #UUK and #USS over the shift from the Sept to Nov TPs & valuation assumptions ussjep.org.uk/files/2018/09/… 3/ screen shot of p. 45 of document linked to in tweet
Read 10 tweets
*** ALL OF YOU WHO HAVE A #USS PENSION ***
#USS consultation ends TOMORROW 5pm. So important to convey to #USS & employers how you feel abt 2017 valuation. We at @USSbriefs have a template. Responding takes 5 mins #USSbriefs61 #ResileAndResubmit medium.com/ussbriefs/resi… 1/
(Re)read #USSbriefs59 on how @Sam_Marsh101's findings not only make a mockery of #USS valuation, but raise profound questions in relation to #USS & #UUK governance medium.com/ussbriefs/ther… 2/
And read @NJSHardy's v short thread on why employers' reflections on risk appetite in their responses to JEP are meaningless given they're based on Test 1 3/
Read 4 tweets
Further confirmation of #USS's "large and demonstrable mistake" regarding Test 1. See this chart prepared by @Sam_Marsh101 for Sheffield's USS Working Group. The important figures are in row 1. 1/
See now for a clear statement by @GuyCoughlan, #USS's Chief Risk Officer, that Test 1 is supposed to test whether the gap between columns ONE and 3 of row 1 is not too large. 2/
"...when we add in future expected returns, plus future contributions..."

👆That is exactly what the figure in column ONE of row 1 does! /2
Read 24 tweets

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