Russell Group response to UCU ballot on pensions

05 November 2021

In response to the latest UCU ballots on taking industrial action over pensions, a Russell Group spokesperson said:

“Throughout this process, employers have made clear they want staff to have a competitive pension that will provide a comfortable retirement. The proposal that individual USS members are being consulted on over the next two months maintains the defined benefit element of the scheme, allowing members to build up guaranteed pensions at levels far higher than the national average, and protects all benefits earned to date. Crucially, it ensures staff won’t see big reductions in take home pay as contributions will be maintained at current levels.

“Industrial action will only penalise students who are enjoying the buzz of campus life after a challenging 18 months and will not change the fact that reform is needed to ensure the USS scheme is sustainable and affordable for staff and employers.

“Universities are well prepared to mitigate the impact of industrial action on students and would urge UCU, who have acknowledged the need for change to USS, to work with employers to find mutually agreeable solutions that will provide value for money for the long-term without placing an unfair burden on future generations.“