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UCL UCU's Letter to the Provost and his (HR's) Reply

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UCU Wrote to our Provost in September on the USS question and UCL's position on it at Universities UK.

This is our letter:


Professor Michael Arthur President and Provost University College London



University College London UCU Branch
President: Saladin Meckled-Garcia, Political Science 
Secretary: Tony Brown, Information Systems Division 
Enquiries: ucu@ucl.ac.uk, www.ucl.ac.uk/unions/UCU

Thursday, 28 September 2017

Dear Professor Arthur


I am writing briefly on behalf of UCU to explore UCL’s position on the current valuation of the USS pension scheme. 

As you will recall, I wrote to you in 2014 regarding the valuation methodology at that time. I enclose that letter. Despite substantial concessions by UCU members and increased contributions from subscribing employers, we appear to be at a similar position with the current valuation as we were at the last. 

In their proposed valuation,1 USS maintains that, to continue to provide the same level of pension benefits, contributions would need …

Are students paying for Gold Plated pensions?

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Are students paying for ‘gold plated’ pensions? Fact 1: Staff costs have declined as a proportion of university expenditure