Employers strike deal with UCU leaders in USS pension talks

Agreement in bitter universities' pension dispute paves way for end of strike action

University strike chaos is expected to end as union leaders and employers 'reach an agreement' in a bitter dispute over pensions

It further does so at the very moment we are strongest and able to force a more decisive victory.

He said the deal had been jointly agreed by union and employers as a "mutually acceptable way forward".

Widespread disruption to the teaching timetable prompted over 5,000 Durham students to demand compensation for lost contact hours, amid the fourth week of industrial action by the UCU.

The agreement - to be debated and voted on at a meeting of union officials today - entails a three-year interim deal to come into effect from April next year.

Contributions from universities and staff would increase during the transition period, to 19.3 per cent for employers and 8.7 per cent for employees (currently 18 per cent and 8 per cent respectively). This temporary arrangement will provide time for a long-term solution to be found.

More than 7,000 people have signed an open letter rejecting the agreement between the union and the employers' organisation. In our opinion we should keep going and throw UUK's offer out all together.

University staff who have been on strike across the United Kingdom for 10 days have expressed their dissatisfaction with a deal between employers and union bosses in a bitter dispute over pensions.

Given concerns expressed by many universities and UCU about the scheme's valuation methodology, which triggered concerns of a £6.1 billion deficit and UUK's proposal to end defined benefits, an independent expert valuation group would be convened to look into the issue.

The new proposal outlines a transitional arrangement for three years from 1st April 2019, in which levels of detailed benefits (DB) would be maintained for all scheme members up to a salary threshold of £42,000.

Members of staff at universities across the country have been striking in protest at changes to the Universities Superannuation Scheme (USS).

"Both UUK and UCU recognise that trust needs to be rebuilt following this dispute".

But this has been rejected by a meeting of the union's representatives - with warnings that it was "completely unacceptable" after weeks of strikes and loss of earnings.

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