Sam Marsh, University of Sheffield, is a UCU appointed member of the JNC. He is there to advocate for members’ interests. Yesterday, he told us a little story in a twitter thread about how transparent USS is really being. This is a brief summary: Before joining the JNC, he asked USS for some data. USS […]
You’ll all be aware of our letter to the USS trustees asking for data and documentation that underpin the valuation of the USS fund. We had a reply from USSL’s solicitors — more on the detail of the letter later — which provided several documents to us. It turns out that these documents provide new […]
USSL wrote to ‘their colleagues’ (not their beneficiaries!) on 18th April. They were keen to defend the November 2017 valuation, and announce their intention to complete the 2017 valuation cycle by triggering the cost-sharing provisions in 76.4 of the trust deed on 30th April 2018. This will require increased contributions to the fund from April […]