In the end I voted no. I didn’t have confidence in #UUK to rebuild trust on its own terms. I didn’t feel able to vote for a panel whose terms of reference were not laid down in advance. I didn’t think these were unreasonable demands then.
I don’t think they are unreasonable demands now. However, it is clear how much vigilance will be required on how #UUK will seek to shape process. But it is not clear to me now who will provide this and how it will happen.
Having put this to the ballot I want @ucu to now tell us the key processes, roles and points at which we as branches, #uss members, and university employees will be able to shape next stages in #ucustrike. But I am not confident here either.
While I agree with all the #NoDetriment statements about being naive to trust UUK/'indepdendent' panel, & related demands/amendements suggested for the statement, believing that a more specific clause would be the end of the struggle is equally naive. 2/9
We could strike until we got everything we wanted writ down,but at some point we'll go back to work (!)&then inevitably pension manager crooks will continue attempts to subvert the agreement, inc using requirements of the pensions regulator to continually revisit arrangements 3/9
Just wondering why @UniversitiesUK & #uss can’t just back down now on DC? Why is a new panel & more delay & stress for all of us a victory? Are we really getting excited that they have said the panel would recognise our concerns re DB? #nocapitulation#UCUStrike#ussstrike
2/ is this what we’re losing 14 days pay over? Another panel & no guarantees? After we basically showed up the problems w de-risking, huge potential equalities issues (which they can’t realistically address before 2019 bc they appear to be starting from zero on that score ...
3/ ... and they know we’re onto them re financialisation of pensions, & we all now are talking about the DB/DC fight, which has immense implications for other occupational pensions ...
Same aim as the one from 2014: to serve the #ucustrike#ussstrike. Please distribute / send additions / corrections.
First, I need to add a couple of missing things to the 2014 timeline. I was trying to find Imperial College London’s response to UUK on USS’s consultation, but the link on their website no longer works. But it has been stored elsewhere. #ucustrike#ussstrikes
As the #USS dispute goes on, it's clearer than ever that the institutions that govern our pensions have been failing us in multiple ways. They are secretive, non-transparent, marked by conflicts of interest and revolving doors. We need to open up and #DemocratizeUSS.
Of the 5 “independent” Trustees of #USS, 4 have a background working for investment and financial services companies, the 5th used to work for Rio Tinto, the mining company, running their gold mines in Papua New Guinea.
This thread ⬇️ still sums up my thoughts on what would be enough. I’m going to expand in a personal note to @ExeterUCU. If you have liked or RTed this, i wonder if you might like to do the same with your branch rep #nocapitulation#ucustrike#letsdoprocess
For me, point 2 refers to retaining current DB/DC mix, with potential to revise some key parameters - thresholds, accrual rates, contributions etc within acas negotiated offer - after evidence from new independent valuation, modelling of impact for ecr and addressing governance
This looks like good news from @TPRgovuk, opening the door to a #USS deal on the basis of the Sept 2017 valuation involved in the initial @UCU recovery plan, if only the remaining hold-out VCs will accept this. 1/x
But we should in any case beware one kind of mistake which comes from treating @TPRgovuk as some unmovable exogenous constraint on a #USS deal. (1) The #tPR view itself is in part a function of VC’s avowed positions on risk levels. 2/x
And, (2) as @AdamJTucker has pointed out, there is a good degree of flexibility in how @TPRgovuk operates, and its regulatory framework allows space for appropriate intervention from the government. See embedded thread:
19 September 2014: Here are slides from presentation "USS Update – AHUA Conference, 19 Sept. 2014". AHUA is the representative body for senior University managers in UK & Ireland. As far as I can see, the AHUA does not go back to conferences before 2016 ahua.ac.uk/event-type/con…
USS Update – AHUA Conference, 19 Sept. 2014:
Here is the 5th slide. Notice the Employers Pensions Forum footer. The slide is titled UUK response to USS.
USS Update – AHUA Conference, 19 Sept. 2014. (Not available on the AHUA website)
If you want a longer academic read on how consultancies are contributing to reshaping the direction of financial innovation around universities, and why this matters, you can can explore the synthesis of @CLIVEYB
Over the weekend, I have been fixated on trying to understand all that happened in 2014 as key to the current (2018) university pensions crisis #ucustrike#ussstrike. An earlier thread is attached below. #ucustrike#ussstrikes
When I'm not on strike, I usually research by piecing together published, archival & grey literatures to build up a rich tapestry through which to get a grip on shifting phenomena. How do 'objects' & phenomena gain consistency & tractability? How do they change in form?
So here are some of the things (official lit, grey literatures, weblinks, newspaper/magazine articles etc.) that are currently in my "What happened around pensions, USS & UUK in 2014?" folder #ucustrike#ussstrikes
Today's reading: getting to grips w recent history of UUK, particularly in relation to 2014 consultation on USS funding. Placing these public links on Twitter for others to read, digest & use as we piece together last few years.
Too tired to comment today. #ucustrike#USsstrikes
UUK's response (2 December 2014) to USS consultation document on 2014 Actuarial Valuation (October 2014). Document provides glimpse of how UUK, working with their advisers Aon Hewitt, was thinking at the end of 2014 employerspensionsforum.co.uk/sites/default/…
I am now slowly reading through the university (& college) responses to the 2014 UUK USS valuation consultations -- only possible because of all @nm_davies's amazing FOI work. (Search under 2014 AND USS & UUK here whatdotheyknow.com) #ucustrike#ussstrike
We know from recent events that UUK isn't always the most technologically proficient. Maybe they forgot to take the watermark off. Maybe they forgot to put them behind the firewall. Who knows. #ussstrike#ucustrike
Reconstructed thread on the role of consultants in "Challenging the “DB good, DC bad” viewpoint' and 'How do we make flexible retirement the norm?' for the #USS pension scheme. #ucustrike (thanks to @felicitycallard)
Here is the line for consultancy fees, including scheme change, in 2017 in the #USS accounts. uss.co.uk/~/media/docume… …. There is no information in the document about who these millions have gone to. #ucustrike
But we have clues .. here is the powerpoint presentation author (from @AonHewitt to UCEA in 2015) and the of advisors in the 2017 #USS documents
How do we understand the relationship between policy change, consultancy behaviour -- and, crucially, the behaviour of Universities UK in relation to pensions? So I started looking at the work of parliamentary committees and where Aon Hewitt appears #ucustrikes#ussstrikes
In case you haven't yet read @gailfdavies' fantastic tweets on the role of consultants in embedding a particular vision of 'flexible retirement' as the norm in universities, start with tweet below & then follow the tweets -- & links -- to the present #ucustrike#ussstrike
And perhaps not surprisingly the presentation has now disappeared. I am delighted to have been able to share highs of the 'future potential me' and lows of the 'current future me' with people. Thank you all for playing
If you wish to return to this one, it has been added to a wiki site where @SusiSadler is archiving information, arguments and issues about the #USS#ucustrike