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UCU message regarding USS Consultation

Dear colleague,

This is a message from the University and College Union at Queen Mary,
University of London for all staff who are members of, or are eligible
to join, the USS pension scheme.

We are grateful to Queen Mary for agreeing to circulate to you important
information about the proposed changes to the USS pension scheme. Your
university is one of only a small number who have assisted staff in
this way.

First, you will have received an information pack from USS which
contained an insert from the employers who are proposing the changes,
the Employers Pension Forum. This strongly advocates the employers´
changes as the only way forward for the scheme. For the sake of
balance, we would draw your attention to our own commentary on these
changes which makes it clear that we believe there are other
alternatives that are not being properly considered. You can read the
UCU´s commentary here:

http://www.ucu.org.uk/media/pdf/q/9/USS_statement2_Oct10.pdf

Second, UCU has tabled its own proposals to reform the USS pension
scheme. We believe that our proposals would set the scheme on a
sustainable long-term basis and this view is supported by respected
actuaries. You can read our proposals here:

http://www.ucu.org.uk/media/pdf/d/4/UCU_USS_proposals_Jan2010.pdf

Finally, and crucially, UCU is running a referendum on the employers´
proposals. This will be the only chance you get to vote on the
employers´ proposals. If you want to register to vote, just email

consultation@ucu.org.uk    with the subject line    `Defend USS´

and we will send you a link to vote. Your vote will only count once.

You can read more here:

http://www.ucu.org.uk/defenduss


Derek Jones
President
Queen Mary UCU

Tel: 020-7882-8383
Mob: 07909-688401
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