Discover and read the best of Twitter Threads about #ucustrike

Most recents (10)

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.
Read 4 tweets
Don't usually like massive threads, but want to expand on this condensed reaction Friday's offer/agreement on #USS re
#USSstrike #ucustrike #Strikefor USS #NoCapitulation #NoDetriment 1/9
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
Read 9 tweets
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 ...
Read 7 tweets
Here's a THREAD on the #USS Trustees, powerful individuals whose role has been insufficiently examined, and who have been operating without the full benefits of public scrutiny.

#USSstrikes #USSstrike #WeAreTheUniversity #StrikeForUSS #DemocratiseUSS #DemocratizeUSS

👇👇👇
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.

Let's have a look at them.
👇👇👇
Read 33 tweets
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
I’m also going to sign the #USSAthenaSwan letter calling for equality issues to be central to future process of #USS review. Thanks to @claire_marris and @turingfan and others for putting that together.
Read 4 tweets
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:



3/x
Read 19 tweets
After a week of exploring the role of consultancies in shaping the shift to DC benefits in #USS pensions with @felicitycallard and @CLIVEYB , this week I am delighted to announce the launch of the new "Picket Pensions Consultancy" (#PicketPC ) #ucustrike #usstrike
Anyone who needs a quick recap on how consultancies shape landscapes and appetites for risk might want to check in with the archiving of this thread by pensions expert @henryhtapper henrytapper.com/2018/03/08/the… #uss #ucustrike see also #ucustrike #usstrike
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 #ucustrike #usstrike
Read 10 tweets
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
Read 11 tweets
I enjoyed reading the @AonHewitt advice to universities re #USS on "Challenging the “DB good, DC bad” viewpoint' and 'How do we make flexible retirement the norm?' and thought those in @ucu and on #ucustrike might too ucea.ac.uk/download.cfm/d…
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
Read 4 tweets
1/ Major UK media outlets, even those sympathetic to the #ucustrike, continue to reproduce the UUK’s premise of a ‘£6bn deficit’ in the USS pension scheme without question.

As someone who teaches critical thinking for a living, this irritates me. It also deceives the public.
2/Let’s start with the basics. There is currently no deficit in the USS scheme. None. This has been verified by an independent actuarial analysis: ucu.org.uk/media/8705/Pro…
3/ The money coming into USS from contributions matches or exceeds what’s going out in pension payments. USS is in the black. Solid. Healthy.
Read 12 tweets

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