University strike talks suspended without agreement

Talks within the college pension dispute have been suspended till Wednesday with out an settlement.

The 2 sides met on Monday on the places of work of the conciliation service Acas whereas strike motion continued at 64 universities.

Workers say the pension modifications will price the typical educational £10,000 a yr in retirement. The employers say the scheme has a deficit of greater than £6bn.

About 126,000 college students have now signed petitions calling for payment refunds.

Workers at 64 universities are against a plan by the employer’s organisation Universities UK for the Universities Superannuation Scheme to vary from an outlined profit scheme, giving members a assured revenue in retirement, to an outlined contribution scheme, the place pensions are topic to modifications within the inventory market.

‘Constructive talks’

A spokesman for the employers, Universities UK, referred to as the talks constructive and mentioned UUK was dedicated to exploring “inexpensive and viable choices to unravel this dispute”.

The College and Faculty Union has tabled various proposals to reform the scheme which it says would contain universities accepting some elevated danger and small elevated contributions of employers and scheme members.

Some vice chancellors have voiced assist for UCU’s suggestion – however Universities UK says it could require “very substantial will increase in contributions” which might not be inexpensive.

UCU Common Secretary Sally Hunt expressed disappointment that there can be no extra talks till Wednesday afternoon.

“We now have cleared our diary,” she mentioned.

With an extra eight days of strikes because of happen earlier than the top of subsequent week, UUK has referred to as on the union to droop the motion whereas talks proceed.

Final week universities minister Sam Gyimah urged institutions to offer compensation to students for educating hours misplaced in the course of the dispute.

The handfuls of petitions calling for refunds are largely supportive of the strikers.

Kings Faculty London has mentioned it should ring-fence any wage financial savings because of the strike motion as a fund which it could use to offset the influence of the strike on college students.

A spokeswoman mentioned it was too early to say whether or not this is able to imply refunds for all college students or a contribution to the scholar hardship fund.

Printed at Mon, 05 Mar 2018 19:31:42 +000zero