So three quarters of the deficit being used to justify slashing academics' pensions by up to 40% has already disappeared on its own, in under 2 yrs. Yet our employers still insist a valuation done in the middle of a pandemic triggered market panic makes sense. We aren't fools.
https://twitter.com/JosephineCumbo/status/1495679119610335233
And because they know we aren't fools, the pension fund whose fees we are all paying from our pension contribution, tried to stop publishing the updates showing the deficit was evaporating like mist on a summer morning:
https://twitter.com/Sam_Marsh101/status/1495384059828215813
Meanwhile to maintain the fiction that liabilities will rise dangerously, our "sensible and prudent" employers are currently assuming that capitalism will fail for the next 40 years, with zero growth of invested assets.
https://twitter.com/Sam_Marsh101/status/1466302556699828229
Our pension fund has grown more, in 18 mths, than the extremely well paid, very "sensible" people at USS and UUK claimed it would grow between 2020 and 2068, when justifying claims about "unsustainable" liabilities. Absent Skynet becoming conscious, this is an absurd projection.
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