Discover and read the best of Twitter Threads about #usspensiondispute

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NEW:University employers say they will still consider "alternative benefit structures and formulations", provided they are "viable, affordable & implementable".

The statement comes after the UK university sector union warned industrial action over pension cuts was "inevitable" Image
NEW: Proposed cuts to pension benefits for hundreds of thousands of UK university sector staff will see a worker earning under £40k p/a with 12% less retirement income, according to UUK, the university employer body.

This estimate assumed inflation does not rise above 2.5%.
UUK says the alternative to its pension proposal may see members subjected to steep increases in their #pension contribution rates from 13.6% and 18.6% of salary (compared with 9.6% now) – which would hit take-home pay and may price many out of the scheme.
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