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 ...
4/ So effectively, we send this enormous issue with widespread public implications for millions in occupational pensions schemes to essentially a private group formed to calm us down ...
5/ And the result will be some kind of fudge that just about keeps us happy. In the meantime, the push towards DC in other occ pensions schemes will continue ..,
... they’ll make a hash of assessing equalities impacts of what they’re doing bc no-one in @UniversitiesUK or @ucu or #uss had their eye on the ball on that score before we had time (unpaid) to start looking at it ...
7/ And Bob’s your uncle. They can just sail past our outrage re DC & other occ pension schemes can press ahead w de-risking etc.
