Andrew Chitty Profile picture
Aug 24, 2019 15 tweets 13 min read Read on X
It's been pointed out that the 9.1% offer UUK negotiators made to UCU at the #USS JNC on Thursday contained a 'ballot moratorium clause' (the so-called #bullyclause) which immediately made it unacceptable to UCU negotiators.
But it hasn't been pointed out yet that, in their public statements about the offer yesterday, @adamtickell (the chair of the EPF) and @UniversitiesUK have given inadequate summaries of this clause.
@adamtickell @UniversitiesUK In the written offer made to UCU negotiators on Tuesday (as quoted by negotiator @njshardy) the clause ran in full:
@adamtickell @UniversitiesUK @NJSHardy "That UCU agrees not to proceed with the planned ballot for strike action on pensions and hold a moratorium on any pensions industrial balloting or strike action in relation to USS for the period to 1 October 2021."
@adamtickell @UniversitiesUK @NJSHardy In his summary of the offer yesterday
@adamtickell wrote:
@adamtickell @UniversitiesUK @NJSHardy "UK’s JNC representatives offered to increase employer contributions by a further 0.5 per cent for two years in return for no industrial action over pensions, subject to consultation with employers and members."
sussex.ac.uk/staff/newsande…
@adamtickell @UniversitiesUK @NJSHardy In their summary of the offer in a press release, also yesterday, UUK wrote:
@adamtickell @UniversitiesUK @NJSHardy "UUK’s representatives offered to pay an additional 0.5% for two years in return for no industrial action or ballots in relation to USS for the period to October 2021 – subject to consultation."
ussemployers.org.uk/news/ucu-rejec…
@adamtickell @UniversitiesUK @NJSHardy Both these summaries of the moratorium clause make invisible its fundamental effect. This is that it does not merely prevent UCU from balloting on whether to take industrial action over the settlement offered for the next two years.
@adamtickell @UniversitiesUK @NJSHardy It *also* prevents UCU from balloting on whether to take industrial action over whatever settlement for the 2021-24 cycle USS and UUK may impose (with the help of the chair of the JNC) arising from the 2020 valuation.
@adamtickell @UniversitiesUK @NJSHardy This is because under a normal timetable that settlement will already have been implemented by 1 October 2021, so by that time it will be far too late to launch a ballot to take industrial action against it.
@adamtickell @UniversitiesUK @NJSHardy So in effect the clause asks UCU to commit to accepting in advance whatever valuation and contribution decisions USS and UUK come up with for the 2021-24 cycle.
@adamtickell @UniversitiesUK @NJSHardy Worse, UUK goes on to imply that UCU negotiators acted unreasonably in rejecting the offer that included this clause: "The UCU negotiators indicated they were unwilling to compromise, refused to consult their members over the alternative offer, and consequently rejected it."
@adamtickell @UniversitiesUK @NJSHardy If UCU members are to make a proper judgement on whether their negotiators were reasonable or not in rejecting the 9.1% offer, they need to see the full text of the offer as it was presented to UCU negotiators, not just the incomplete summaries of it we have been given so far.

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More from @aechitty1

Feb 20, 2021
1/ A thread on why universities need to keep teaching online for the rest of this term.
2/ The government's last guidance to universities was issued on 3 February. It instructed HE providers not to offer any face-to-face teaching - outside exempt subjects such as medicine, dentistry and veterinary science - until at least 8 March. assets.publishing.service.gov.uk/government/upl…
3/ By the time the guidance was issued, 12 universities and colleges had already announced that they were keeping non-exempt teaching online until the end of this term or semester. Since then 3 more have done so, and another is keeping teaching online until at least 26 April.
Read 19 tweets
Aug 30, 2020
1/ The hardest sell in the package that UCU issued overnight is not the demand to move all (or almost all) teaching online. It is the demand that universities 'scrap plans to reopen campuses'.
2/ 'UCU said that demanding over a million young people move around the UK to attend university made no sense [...] UCU said the push to get students back on campus was being driven by a dangerous desire to get back to business as usual, before it was safe to do so.'
3/ This is from last night's press release:
ucu.org.uk/article/10964/…
Read 16 tweets
Mar 22, 2020
1/ Bill Galvin, CEO of #USS, shills for a third runway at Heathrow airport.
thisismoney.co.uk/money/comment/…
2/ Let's leave aside how outdated this article - with its frequent invocation of taking the long view - looks a mere three weeks later.
3/ Let's also leave aside the compatibility or otherwise of USS's stake in Heathrow being compatible with the climate change dimension of USS's policy on responsible investment.
uss.co.uk/how-uss-invest…
Read 5 tweets
Jan 10, 2019
@JohnRalfe1 @felicitycallard @MikeOtsuka @DrJoGrady @ProfTomMole @carlomorelliUCU @USSEmployers @ucu @AlistairJarvis @JoanneSegars @SallyBridgeland @Sam_Marsh101 @Flibitygibity @HershMarion @Dennis_Leech @DaveGuppy @UofGVC @adamtickell @RedActuary @Derek_Benstead @kevinwesbroom @GuyCoughlan @USSbriefs @JosephineCumbo @Wonkhe @stianwestlake Mike, thanks for this. I'll try to clarify my view.

It is true that JEP have accepted Test 1 for the current valuation, despite their pretty scathing criticisms of it. However what drives 'de-risking' is not Test 1 as such but the way USS chooses to interpret it. 1/
@JohnRalfe1 @felicitycallard @MikeOtsuka @DrJoGrady @ProfTomMole @carlomorelliUCU @USSEmployers @ucu @AlistairJarvis @JoanneSegars @SallyBridgeland @Sam_Marsh101 @Flibitygibity @HershMarion @Dennis_Leech @DaveGuppy @UofGVC @adamtickell @RedActuary @Derek_Benstead @kevinwesbroom @GuyCoughlan @USSbriefs @JosephineCumbo @Wonkhe @stianwestlake Their current definition of Test 1 (Sep 2017 TP consultation doc, p. 58) is:

"Test 1: a test designed to measure whether or not the long-term risk in the DB section of the scheme is within the risk appetite agreed between the trustee and sponsoring employers. 2/
Read 16 tweets
Jan 10, 2019
@JohnRalfe1 @felicitycallard @DrJoGrady @ProfTomMole @MikeOtsuka @carlomorelliUCU @USSEmployers @ucu @AlistairJarvis @JoanneSegars @SallyBridgeland @Sam_Marsh101 @Flibitygibity @HershMarion @Dennis_Leech @DaveGuppy @UofGVC @adamtickell @RedActuary @Derek_Benstead @kevinwesbroom @GuyCoughlan @USSbriefs @JosephineCumbo @Wonkhe @stianwestlake "Technical provisions should represent a target reserve to hold against a scheme's future liabilities calculated using assumptions that have been chosen prudently, taking into account the degree to which the employer covenant can support a range of likely adverse outcomes." 2/
@JohnRalfe1 @felicitycallard @DrJoGrady @ProfTomMole @MikeOtsuka @carlomorelliUCU @USSEmployers @ucu @AlistairJarvis @JoanneSegars @SallyBridgeland @Sam_Marsh101 @Flibitygibity @HershMarion @Dennis_Leech @DaveGuppy @UofGVC @adamtickell @RedActuary @Derek_Benstead @kevinwesbroom @GuyCoughlan @USSbriefs @JosephineCumbo @Wonkhe @stianwestlake They can say that therefore they accept that USS is justified in targeting a certain 'reliance on covenant' (self-sufficiency value of liabilities minus assets) in 5 or 10 or 20 years time, 3/
Read 12 tweets
Jan 8, 2019
@MikeOtsuka @USSEmployers @ucu @AlistairJarvis @JoanneSegars @SallyBridgeland @Sam_Marsh101 @Flibitygibity @carlomorelliUCU @HershMarion @Dennis_Leech @DaveGuppy @UofGVC @adamtickell @RedActuary @Derek_Benstead @kevinwesbroom @GuyCoughlan @USSbriefs @JosephineCumbo @Wonkhe @stianwestlake Hi Mike

Some comments on this double-thread.

First, at 3-5 (= tweets 3-5) you say TPR will not accept higher than gilts+1.2%. Is this on the basis of what USS says about TPR, or of statements by TPR itself? If it is the former I would take it with a pinch of salt. 1/
@MikeOtsuka @USSEmployers @ucu @AlistairJarvis @JoanneSegars @SallyBridgeland @Sam_Marsh101 @Flibitygibity @carlomorelliUCU @HershMarion @Dennis_Leech @DaveGuppy @UofGVC @adamtickell @RedActuary @Derek_Benstead @kevinwesbroom @GuyCoughlan @USSbriefs @JosephineCumbo @Wonkhe @stianwestlake Second, at 9 I think you are very defeatist. If UUK and UCU were jointly determined, on the basis of solid arguments, to reject the TP document (as it should be rejected) USS would be forced to renegotiate with TPR. 2/
Read 4 tweets

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