News from HWU UCU - views not representative of HWU. Tweets by committee members. No #modestbuffets for now as it's #NotBusinessAsUsual
Feb 21, 2022 • 8 tweets • 2 min read
A few facts about USS (Universities Superannuation Scheme) one of the pensions for UK HEIs - mostly Pre 92. #ussMess
It is NOT a final salary scheme.
It used to be but it is now Career Averaged or CARE defined benefit on salary below 60k and Defined Contribution above.
Cont.
USS facts 2
It is NOT paid for by the taxpayer.
Unlike the TPS or other local government schemes government backed schemes*, it is paid for by members who pay almost 10% of salary and employers who defer another 21% of salary into the scheme.
(*The issue of OfS is complicated)
Oct 24, 2020 • 9 tweets • 11 min read
Heriot-Watt UCU just got another record breaking ballot turnout.
Want to know how we GTVO?
Thread👇
