Pensions

29/07/2012

Pensions

UNISON members in higher education who are affected by the Local Government Pension Scheme (LGPS) negotiations will soon be balloted on the new proposals.

The higher education service group executive, the union's national committee for members in the sector, is recommending that you vote 'no' in the ballot, because we do not believe that these proposals are good enough.

The service group executive acknowledges that sustained industrial action would be required to obtain improvements in the proposals.

Members will receive ballot papers soon, and the ballot will run from 31 July to 24 August.

Information and updates on the LGPS proposals will be posted below.

Please make sure that your voice is heard and vote in this ballot.

'Vote NO' leaflets and posters are being direct mailed to relevant higher education branches and workplace reps.

Detailed information about all aspects of the LGPS 2014 proposals can be found here

LGPS - vote 'no' in higher education

Starting on 31 July, UNISON members will be balloted on whether to accept the final proposals, which would come into effect on 1 April 2014. After a detailed discussion at its meeting on 19 July, the Higher Education Service Group Executive has voted to recommend that members vote NO in the ballot, because it does not believe that these proposals are good enough.

Student Union Superannuation Scheme

Further to circular HE/13/11 please below is a downloadable response for UNISON branches to use and adapt in response to the consultation on the proposed changes to the Students’ Union Superannuation Scheme

Changes to the Universities Superannuation Scheme (USS)

Further to recent circulars below is a circular which outlines the details on the proposed changes to the USS agreed by the USS Joint Negotiating Committee on 10 May. A full summary of the changes to the scheme is provided in the downloadable document.

National Union of Students Superannuation Scheme

The Students’ Union Pension Scheme (SUSS) is a pension scheme that covers staff employed by the NUS and in 69 student’s unions. A list of the institutions affected can be downloaded from the link below attached.The NUS as principal employer in the scheme has announced that it intends to close the scheme for future accrual and replace the current defined benefit scheme with a money purchase scheme. The proposed changes are:
  • closing SUSS to all members;
  • providing access to a money purchase arrangement for future pension provision.


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