Day 1 Strike for Pensions

There was an amazing turnout this morning, with pickets setup across the University campus entrances.

We have had great support and it was fantastic to see so many people here on a cold but bright Thursday morning although maybe not so surprising with 91% of voting members voting for strike action.

Statement by branch president Justine Mercer “I am stunned by the level of support that we saw this morning; this is totally unprecedented but so is the attack on our pensions. UUK need to be listening; they need to get back to the negotiating table. If these massive cuts are imposed it will harm all members of the pension scheme and do untold damage to our world-leading higher education sector. Staff deserve better; students deserve better.”

New Strike FAQ and Guidance for Casualised Staff!

Warwick UCU Strike FAQ and guidance for casualised staff (esp. hourly paid workers)


Version 2: 20/02/2018 (The info here will be regularly updated, check warwickucu.org.uk for updates!) PDF available here.

Please feel free to forward this to any of your colleagues that are not in UCU. Note that, unlike the national FAQ’s, these are not checked by union lawyers. If in doubt, always refer to the nationally available information or double-check with UCU.

  1. I am contracted to teach at Warwick through STP / VAM. Can and should I participate in the strike?

First of all, you have the right to strike if you are a member of UCU, regardless of your contractual status, as long as your contractor is the University of Warwick. This is also clearly stated in the STP Terms and Conditions that are sent out with every contract, under paragraph 19:

“19. Trade Union Membership

You are able to join a trade union of your choice if you wish to do so, and you are entitled to be individually represented by an elected trade union representative.  You are able to take strike action if you choose if there is a dispute between your union and the University, but you must give prior notice if you intend to take strike action as indicated above.” [See point 6 on giving notice]

If you are a UCU member, the union very strongly urges you to take strike action. And there are many reasons for that – some of which we have already addressed in a previous email (see also here for UCU’s briefing note for casualised staff). The key point is that as someone at the beginning of your career, you will be particularly affected by the proposed changes to the pensions scheme), since you will have little to no benefits accrued under the current system. Staff towards the end of their career, on the other hand, are less affected as they will still receive the benefits they have built up under the previous scheme. If you want to find out more about the dispute (and there is still time for that), there are some links in the strike dates and resources document.

We cannot emphasise enough how important this issue is for UCU and for the future of UK Higher Education as a whole. As you will have noticed, the plan of holding 14 days of strike is far more serious that any industrial action UCU has taken in the last decades. This shows the gravity of the issue. Once the defined benefits scheme is closed, it is closed forever and there is no turning back. This is unlike any other dispute we have had. This also raises the stakes of this dispute to an equally unprecedented level. It is very important for this strike to be successful and to have high rates of participation: otherwise, our very ability to put pressure on the employers in any future dispute will be undermined.

  1. I am not a UCU member. Can I also strike?

In order to strike, you have to be a member of UCU. But you can, and in our view should, join UCU. It’s not too late to join now – follow this link: https://www.ucu.org.uk/join, fill in an online form and it is done. You can do it up to the day of the strike, including on the picket line, and you will be covered by the dispute.

As a UCU member, you are protected from victimisation and retaliation, you have access to strike pay, and there are multiple other benefits as well – including and most importantly the solidarity of your colleagues! If you are a postgraduate who teaches, it is free for you to join UCU – but make sure that you join as a full member, not as a student member. If you are a student member but you also do teaching, upgrade your membership NOW to the full membership so you are covered by the dispute and entitled to access strike pay. This upgrade is free if you are a PhD student who teaches. If you are not a PhD student, the membership fee for the lowest earning band is very low – around £1 a month.

  1. I fear that participating in the strike will make me vulnerable towards my head of department. What if they hold it against me next time I apply for a job, or when my contract is up for renewal?

It is your legal right to take strike action, and it is illegal for any employer to use strike participation against you in any way. However, we are aware that theory and practice don’t always correspond, especially for staff on casual or fixed term contracts who might fear that their future employment prospects could be jeopardised if they take action in breach of their contract or that the department management does not like. As a union, we are doing everything we can to make sure that no one can be singled out and suffer repercussions. In particular:

  • Warwick UCU is writing to Heads of Departments to remind them not to use any intimidating practices towards staff in order to prevent them from striking; and to make them aware that the UCU will be monitoring how departments treat staff who take part in the strike. If any evidence emerges that staff who have participated in the strike experience different treatment in the future, or are disadvantaged for future contract renewals, we are telling Heads of Departments that the union will be taking action against these practices in order to protect our members.
  • The Provost has agreed that STP workers and fixed term employees should not suffer any detriment as a result of the strike action and she will reiterate this message to Heads of Departments. We have made clear to the Provost that we will be closely monitoring contract renewal rates in the coming academic year in relation to those who have taken strike action.
  • We are writing to the Vice Chancellor, who has publicly expressed his opposition to UUK’s plans to change the USS pensions scheme, and we have called on him to show his support for the strike by emphasising in his communications with Heads of Department that any mistreatment or intimidation of staff partaking in the strike will not be tolerated.
  • The more of us that take strike action, the less likely it is that individuals can be victimised. We therefore strongly advise you to communicate with your colleagues and your departmental UCU rep and to set up a departmental meeting to prepare for the strike and convince your colleagues to participate. If you need any help in setting up a departmental meeting, write to us and we will try our best to help facilitate a meeting.

 

  1. If I participate in the strike or take action short of strike (ASOS), how much pay will I lose?

This is a very important issue especially for casualised staff – whether hourly paid or fixed term. Staff on regular full-time employment contracts risk 1/260th of their pay being docked per strike day (or a pro rata proportion if they work part time). For hourly paid staff, (STP/VAM), it doesn’t work in the same way. In a meeting with management on Friday 9th February we were told that the procedure they are going to apply is the following: tutors should fill in the time sheet honestly, only for work that they have done, and they will be paid according to the hours they submit. Strike pay deductions will thus be applied on the next relevant monthly payment after timesheets are submitted. That means, of course, not to claim contact hours that have not been delivered; other elements can be claimed if the work has been undertaken.

We have been in contact with HR about clarifying the rules they are going to apply for the way in which time sheets are assessed during the strike – both in communication with tutors and with departments. We have now received the following clarification:

  • Tutors are expected to fill in their timesheets honestly to claim only for work undertaken
  • If strike action disrupts the contact hours, tutors will still be able to claim their preparation time undertaken on a non-strike day, for example in the expectation of the strike being called off
  • Departments are expected to approve of tutor’s timesheet submission along the above stipulations
  • The only potential challenge to this would be if departments receive repeated claims for preparation “where there is clear knowledge that the contact hour will not be delivered’ e.g “during a period of total strike absence“ (quote from HR email).

We have also now received clarification from HR on the question of how ASOS (Action short of strike) will be treated in relation to workers hired on STP/VAM, and whether tutors can / will be expected to reschedule classes:

  • “STP tutors are not obliged to work additional hours to those for which they are contracted when they return from strike action but (as with other staff) HODs or equivalent can legitimately ask that they replace planned work with work to make up lost teaching.”
  • Tutors can be asked, but should not be expected and cannot be required, to do additional (paid)work. This means, for example, that HOD’s can legitimately ask you to teach week 7 rather than week 10 content in a week 10 seminar which would be going ahead (e.g. if the strike is cancelled in week 10). But while HoD’s may ask you to reschedule teaching missed during strike weeks (which then would have to be paid), you are in no way obliged to accept doing so. If you experience pressures to this effect, let us know immediately. HR have also confirmed that once payment has been authorised, there will be no retrospective reductions (or additions).

In addition, we would advise you to use the comment function on timesheets to clarify the way in which the strike has affected your payment each week, both for departmental approval and for hardship claim.

5. Is there a way I can be compensated for my lost earnings?

Regardless of how pay deductions are calculated, we know that for hourly paid tutors and staff on part time / short fixed term contracts the proportional loss of pay from participation in strike action can be much higher than for regular members of staff.

The good news is that there is a central strike fund for those in need (the UCU ‘Fighting Fund’) that you can apply to in order to receive strike pay; and members on casual contracts are prioritised for applications. The link to the rules for applying and to the application form itself are under “Resources” below – make sure to read this before taking strike action. However, the amount that the national strike fund covers is limited to £50 per day starting from the fourth day of strike action (so the first three days are not covered); and to a maximum of £500 per person in total. As per the latest UCU guidance: “Casualised staff who are paid to teach but whose pay also includes allowance for marking and preparation will be paid appropriate strike pay for each day where they can show evidence that they struck rather than worked and where this working pattern is confirmed by the branch”. That also means that each day that you participate in the strike – by not undertaking teaching, marking, preparation, advice duties – will be considered as a day of strike participation for the purposes of the strike pay fund. We have received guidance that there will be flexibility applied in the evidence that casualised staff will be asked to provide to the Fighting Fund in order to show their income losses related to the strike, and that claims will be considered favourably as long as they are supported by the branch – also in consideration of the fact that the earning patterns of hourly paid and casualised staff may vary from month to month for a variety of reasons. Possible forms of evidence could be: a pay slip for the month of the strike showing lower earnings compared to a previous pay slip; evidence of timesheets submitted with no hours claimed on strike days as opposed to other weeks; or a combination of timesheets/ pay slips compared to the hours outlined in your contract (if you are just starting to teach this term and don’t have a previous pay slip to use as a comparison, for example).

We are nonetheless aware that this may not cover the whole income lost by some people; and that this could be particularly disadvantageous for those hourly paid staff who rely fully on the income they earn in term time as they are not paid for non-term periods. To make sure that casualised, hourly paid and part time staff are not disproportionately disadvantaged, we are taking various steps:

  • Warwick UCU AGM voted, on 07/02/2018, in favour of setting up a local hardship fund alongside the national strike fun that casualised members of staff will be able to apply to. Committee is still looking into the practicalities of the fund. AGM has also voted to donate as much money as possible to both the national and the local strike fund, and are looking into ways of raising further funds. We are currently working on detailing the local hardship fund procedures and application processes. We will hopefully be able to circulate guidelines before the strike commences (after the UCU committee will have met to approve); but in the meantime, we can confirm that the local hardship fund will be able to cover (some) of the (some) of the income losses incurred already from the first day of strike participation.
  • Besides all these options, there is an amazing charitable organisation called Education Support Partnership, of which UCU is a major contributor and close partner. Education Support are a one stop call for several issues and hardships, including financial concerns, sexual harassment, stress, working for educators. We encourage members to make use of this resource. We appreciate that you may, as many cases have highlighted, struggle to pay your monthly rent as a result of permanently losing up to half your monthly income during this strike period. Education Support issues grants to educators facing financial and money worries. You can find out everything you need to know about this form of hardship support here: https://www.educationsupportpartnership.org.uk/helping-you/apply-grant

The resources below include a link to the rules of application to the strike fund, and some further tips for casualised groups. We are not able at this stage to confirm how long it will take for strike pay claims to be processed. If you envisage that you will be suffering immediate hardship as a result of strike pay deductions, get in touch with the branch. We will try to help by supporting an early application to the UCU national Fighting Fund even in the absence of a payslip from next month showing the difference in income.

6.  What do I tell my students? What if the department wants me to
reschedule my seminar / lecture?

We encourage you to talk to your students about the strike and explain why you are taking action and why this is important. UCU has resources available here (https://www.ucu.org.uk/why-we-are-taking-action-over-USS) to explain the dispute to the students. There are also FAQs for students written by staff at Warwick available here and various amazing resources on the ‘Warwick Student-Staff Solidarity’ facebook page.

The official advice from the union is to not reschedule any classes that are cancelled because of the strike. You are not putting yourself under any risk of breach of contract if you refuse to reschedule a class that was cancelled because of the strike and for which you have not been paid. We know that you might come under pressure from your Head of Department to reschedule your classes; if this is the case, let the union know immediately.  As stated above under point 3, tutors can be asked, but should not be expected and cannot be required, to do additional (paid)work on top of your usual contracted hours in a given week. However, your Head of Department or module convenor can reasonably ask you to cover content from a class that fell on a strike day during one of your subsequent classes in a non-strike week

7. Do I need to notify the employer before going on strike?

  • UCU’s advice for those who are employees (with a full employment contract) is not to notify the employer, as there is no obligation to do so, and notifying them would allow the employer to take action to minimise the strike impact.
  • However, for those who are classified as workers, this is different. STP contracts explicitly ask workers to notify in advance if they will be participating in strike action. The University has unfortunately refused to drop this request which considerably discriminates against STP tutors’ right to strike.

While the terms and conditions of STP do specify that you need to notify your employer in advance, they do not specify who and when to notify. It might be reasonable to expect, however, that tutors follow the stipulations in the contract regarding general absence. These state (terms and conditions, point 10, benefits):

If  for  whatever  reason  you  are  unable  to  attend  work,  you  must telephone your departmental contact or the STP team as soon as possible but no later than one hour minimum before your work on the relevant day is due to start.”

We advise that you call as well as email (to leave a paper trail that you can later evidence). It is up to you whether you do it just one hour in advance of your work on the relevant day, or, say, at 8 in the morning – when it will be clear whether the strike on that day will be going ahead or not.

STP contacts are: Telephone: 02476 524831 and Email: stp@warwick.ac.uk

You can use the template below for your emails:

Dear STP Team,

I herewith notify you that I am taking part in the strike action, called by the UCU, today, [INSERT DATE].

Kind regards,

[NAME]

We’ll be updating our local strike FAQs with the info above asap: http://warwickucu.org.uk/new-faq-and-guidance-for-casualised-staff/

8. Workers/ Employees on Tier 2/4 visas

We have received some inquiries how the strike will affect students / employees on Tier 2/4 visas.

The national guidelines can be found here:

https://www.ucu.org.uk/uss-action-faqs#32

For those whose tier 4 visa is monitored through their student status (which we believe should be the case for the vast majority, if not all, of Tier 4 visas, but we are unfortunately by no means competent on visa issues so please do not rely on our word and check your situation), the University has issued the following guidance:

“Your attendance record should not be negatively impacted where there is industrial action by staff in your academic department. Departments will record the monitoring point as an authorised absence with a note to say that this is due to industrial action.” https://warwick.ac.uk/students/news/newsevents/strike-action-2018/strike-action-faqs  (question 12)

If you have any questions about this, contact us, and preferably the University’s Immigration Service (students) or HR Recruitment and Immigration team (staff) , asap. If you are unsure in any way whether taking strike action will affect your visa status, we would not recommend you to take strike action.

9. OK, I am on board. What concrete steps do I need to take before
the strike?

  • Check that your UCU membership is up to date. This includes making sure you’re a full member, not a student member. Or: join the union if you’re not already a member!
  • Talk to your colleagues and encourage them to join in to take strike action (and to join the union) and to not cross picket lines on strike days.
  • Write to your students encouraging them to support the strike by not crossing picket lines on strike days. An email template for this purpose in the coming days is available on the warwickucu.org.uk/pensions page .
  • Set up an out of office email reply explaining that you are on strike and that you will not be answering emails on strike days, or, even better, that you will be deleting all emails coming in on a strike day, and that emails should be resent on non-strike days.

10. What happens on the days of the strike?

  • Come to the official UCU picket line in the morning! From 8am at the main bus exchange on campus.
  • Don’t go into the office and don’t do any work relating to your employment / contracted work on strike days. This includes administrative work: i.e. not updating tabula, not accessing the University’s email servers, etc. It also means no marking. This is important, as some marking will fall within the period of the strike. UCU policy is to only work 7.5 hours on non-strike days; that means that it is not the intention that employees / workers will catch up with marking and emails on non-strike days through excessive work. If this means that students will not receive their essays back in time, then this is a consequence of the strike.
  • Participation in seminars and events that would be part of your normal work schedule is also covered by the strike.
  • Employees: follow the guidance on notification of participation in the strike outlined in the University’s guidelines on the strike:  https://warwick.ac.uk/insite/news/intnews2/ucu_strike_action_update_and_guidance/
  • STP workers are under current contractual arrangements required to notify in advance, as stated above under 6.

 

11. Keeping in touch during strike days

During strike days, UCU official advice is to refrain from logging on to the University’s email servers. In order to stay up to date with all the strike developments on social media, make sure you follow the Warwick UCU Facebook page‘Warwick Student Staff Solidarity’ facebook page, ‘Warwick Anti-Casualisation’ Facebook page, and the Warwick UCU twitter account  (which is full of great gifs)! We will be uploading any new info on to the Warwick UCU website: http://warwickucu.org.uk, and we’ll continue responding to any queries on anticasualisation@warwickucu.org.uk.

 

Strike Dates

  1. Thursday 22nd February
  2. Friday 23rd of February
  3. Monday 26th of February
  4. Tuesday 27th of February
  5. Wednesday 28th of February
  6. Monday 5th of March
  7. Tuesday 6th of March
  8. Wednesday 7th of March
  9. Thursday 8th of March (International Women’s Day and Women’s Strike)
  10. Monday 12th of March
  11. Tuesday 13th of March
  12. Wednesday 14th of March
  13. Thursday 15th March
  14. Friday 16th of March

 

Resources

General Info:

UCU FAQ’s on the pension dispute: https://www.ucu.org.uk/uss-action-faqs

UCU briefing note on casualised staff: here

Information on the Fighting Fund and how to apply:

Rules: https://www.ucu.org.uk/media/9164/USS-dispute-Support-for-members-taking-industrial-action/pdf/ucu_ussdispute_fightingfund.pdf

Applications for the Fighting Fund: https://ucu.custhelp.com/app/fighting_fund/

Student resources

UCU resources on the strike for students and concerned members of the public:

https://www.ucu.org.uk/why-we-are-taking-action-over-USS

Warwick Student – Staff Solidarity Facebook page:

https://www.facebook.com/studentstaffsolidarity/

Strike FAQs for Warwick students published in the Warwick Globalist:

http://warwickglobalist.com/2018/02/06/ucu-strikes-members-of-staff-answer-your-questions/

 

 

 

 

 

Local Hardship Fund

This post was for the 2018 USS Strikes.  We will update the strike pages with more information for 2019 shortly!

Applications

Applications to the fund can be made here for weeks 3 and 4 of the strike , and here for weeks 1 and 2. For the policies and procedures of the hardship fund, see below. If you are on a STP or VAM contract, please read carefully what evidence to provide (we know it’s a pain, but for us assessing the claims too)

Donations

Warwick UCU has decided to set up a local hardship fund. The branch has donated funds to this, but we are also seeking donations from members. We are particularly directing this appeal for donations to our members who are either on leave or who are otherwise not expected to be part of the action.

The local Hardship fund is designed to complement the provision from the National Fighting Fund, and where possible to fill in any potential “gaps”. It will prioritise members on hourly paid and other precarious contracts, and support people who would be left financially vulnerable after deductions. The policies and procedures can be found below.

Please direct non-members to this page which asks if they can make a small donation to support their Union colleagues to protect the pension scheme that they are also part of.

Donations can be received by bank transfer or cheque.

For bank transfer the account details are:

UCU Warwick Hardship Fund
60 83 01
20391524

 Please quote the reference: “Hardship Fund”

It would be helpful to also send a remittance advice to treasurer@warwickucu.org.uk  confirming the amount and the name of the donor(s) so we can have a record

Or by Cheque

Please make cheques payable to “UCU Warwick” and send to Treasurer, UCU Office, Avon Building WA1.12, University of Warwick, Coventry, CV4 7AL.

Policies and procedures of the hardship fund

Warwick UCU Strike committee has decided on 21/02 on the following principles of policies and procedures.

– UPDATE – We have now opened the fund for applications for weeks 3 and 4, too. Please be aware, however, that we must apply a maximum limit of payments of £500 overall, same as the national strike fund, except in exceptional circumstances.

  • The local hardship fund will prioritise those whose annual incomes will be particularly proportionally affected by taking strike action, especially hourly paid tutors or those on other precarious contracts. Applications from those who do not have access to substantial forms of other, non-affected income (e.g. scholarships) will be prioritised.
  • The fund will aim to interpret national rules and limits flexibly so as to make them as responsive as possible to members’ circumstances. This includes: paying strike pay from the 1st day of strike action; and interpreting flexibly the rule of a £50 cap per strike day. This will be interpreted to mean that each day where the strike occurs and where no work has been undertaken, will be treated as a strike day, independent of whether there was formal work scheduled on these days.

For example: a tutor who only has classes scheduled on a Friday, who would earn £150 on a Friday as their only weekly income and loses this as a result of striking on that day, would therefore be able to apply for up to £150 if they have participated in the strike on the days from Thursday to Monday (i.e. £50 for each day of strike participation).

These amounts (£50 X number of days of strike participation) are the maximum amounts to which members can apply for; however, there is no guarantee that we will be able to pay those full amounts. That will depend on the amount of claims received and funds available.

  • We are trying our best to raise funds, but if the fund resources should remain low, the hardship fund will concentrate its funding on the first two weeks of strike action (and to a maximum of £250 per person; and we will then support members’ applications to the national fighting fund for the remainder of the strike duration.
  • There will be no first come first serve handout for payments, but a deadline for claims advertised that will ensure fair treatment, while it will be possible to get urgent treatment. However, it is very likely that no payments can be made before the University has made payments and losses can be shown.

To apply, follow this link for weeks 3 and 4, and  this link for weeks 1 and 2.

 

 

 

Visit the Pensions page for FAQs, info for students and updates as we get them

Visit the Pensions page for FAQs, info for students and updates as we get them

Casualised Staff Information and Support

We have published an FAQ and guidance for casualised staff available here!

Student Information and Support

Warwick UCU and the Student Staff Solidarity Committee have produced a number of materials and resources for students.

See the fantastic Zine for students

Browse the Q&A for students on the Warwick Globalist

Use these slides to talk to your seminars or lectures about the strike

 

Statute 24 Update

UCU position on latest statute 24 developments:

  1. Job security for permanent staff does not cause casualisation;

  2. Academic freedom without job security is meaningless

Last year, the University announced plans to gut its employment statute, Statute 24, thus putting at risk Warwick staff’s job security and academic freedom. Thanks to the mass-mobilization of UCU members, we have won important victories – Senate chose not to approve the reforms at its meeting last June, meaning that they did not go forward to Council. However, the fight is far from over.

In the most recent volley, the Provost published an update on 18 December 2017 on the University’s intranet.  UCU sets out below its response to the points made by the University.

Casualization

The University says:

It is hoped that as a consequence of more streamlined employment processes, the University will be able to review its contractual offering for academic staff with a view to reducing dependency on fixed term and casual contracts.

What the University means is:

If we make it easier to dismiss people on permanent contracts, we might be willing able to offer permanent contracts more often.

Once again, the University’s interpretation of fairness is about levelling down rather than levelling up.  By implying that our current statutes are the cause of an increased reliance on casualized contracts, the university presents these developments as inevitable. It therefore fails to acknowledge that the increase in these forms of working is a direct result of choices which have been made by university management, and in the broader context of attacks on publicly-funded higher education teaching and research.

UCU wishes to make clear that the University has made no offer of any concessions on casualization. We therefore view the University’s statement as a lazy and cynical attempt to create divisions within our membership and within the university more widely.

Disciplinary and Redundancy

The University says it wants:

            More streamlined employment processes

What the University means is:

We’ll offer our employees no more than the minimum protections enshrined in employment law.  We want to make it easier and quicker to dismiss members of staff either by redundancy or through disciplinary processes.

The University’s latest statement made no mention of its proposals on disciplinary and redundancy, preferring to concentrate on the issue of academic freedom.  UCU welcomes the fact that the University is at least acknowledging the threats its proposed changes pose to academic freedom seriously, though this should not obscure the fact that UCU has repeatedly advised the University that we cannot agree to the proposed documents for redundancy and disciplinary.

Academic Freedom and Job Security

The University says it:

believes that the proposals will serve to strengthen the protection of academic freedom afforded to academic members of staff

UCU says:

Without proper protection in place against redundancy and disciplinary procedures, assurances about academic freedom are meaningless. Casualization undermines academic freedom as precariously-employed academics feel pressures to avoid controversial areas of research and publish in particular journals and with particular publishers. Without job security, there cannot be academic freedom.

The University says:

a Committee could be established, to determine whether academic freedom had been infringed prior to the instigation of any disciplinary/grievance proceedings. In the case of redundancy proceedings affecting academic members of staff, the Committee would determine at an early stage whether the proposed redundancy pool and criteria represented an infringement of academic freedom.

UCU says:

All cases of academic redundancy involve questions of academic freedom.  We should be free as academics to pursue research into topics which are not currently fashionable.  There are many cases of research generating significant outputs only after many years. Such work would be wiped out at a stroke with the imposition of a short-term audit culture. The consequences of this are all too evident elsewhere in the sector as the situation at Essex demonstrates (sign the petition here: http://speakout.web.ucu.org.uk/university-of-essex/).

Issues of performance inevitably involve questions of academic freedom.  Telling academics that they must publish in certain outlets itself transgresses academic freedom.

The UCU calls on the University to ensure academic freedom by providing job security, lessening its reliance on insecure and badly-paid contracts, and treating its casualised workers with respect.

Palestinian Rights, the Prevent Duty and the Misuse of ‘Antisemitism’

You are warmly invited (and encouraged!) to attend this event, supported by Warwick UCU, on 6 February at 6pm:

Palestinian Rights, the Prevent Duty and the Misuse of ‘Antisemitism’ – the Defence of Academic Freedom and of Freedom of Speech

This event aims to discuss current threats to academic freedom and freedom of speech in the UK with regards to the subject of Palestinian rights and Israel-Palestine more generally.

Over the past couple of years, several UK universities have faced pressure from external governmental and non-governmental actors to ban, censor or impose specific conditions on academic events discussing Israel-Palestine on the grounds that they could be antisemitic.

Meanwhile, the Prevent Duty has led universities to increase scrutiny of external speaker events—disproportionately affecting events discussing Israel-Palestine.

The panel will draw attention to the political context in which these measures are being pursued and their insidious effects on academic freedom and freedom of speech as well as contributing to the stigmatization of Palestinian rights and increasing Islamophobia. The event will also discuss universities’ responsibilities in this regard and how academics, students and trade unions can defend academic freedom and challenge racism, including Islamophobia and antisemitism, on campuses.

The event is open only to Warwick staff and students. Those wishing to attend must register here:

https://www.eventbrite.com/e/palestinian-rights-the-prevent-duty-and-the-misuse-of-antisemitism-the-defence-of-academic-freedom-tickets-42090422587

You can also see information at:
https://www.facebook.com/events/1243502679127817/?active_tab=about

Pensions Ballot FAQs

USS Pension Ballot Dispute Frequently Asked Questions

Vote YES for action in USS Pension Ballot

… Because the proposed changes to your current pension are hugely detrimental;

… Because these changes will affect everyone, especially the next generation of university staff and casualised workers;

… Because the Trade Union Act requires a 50% turnout and your vote makes all the difference.

General Meeting – Pensions

A general meeting will be held onTuesday 24th October 2017 from 12:30 to 14:00 in Rm 1.48 Humanities.

The meeting is open to anyone, but only members can vote on motions.

The provisional agenda is:
1) Pensions – with speakers from UCU Head Office and the UCU Warwick branch

2) Update on Statute 24
3) Revised Local Rules

We hope to see you there. Please note that you can join UCU on the day.

Sign petition to see USS pensions evidence

We strongly encourage members to sign the 38degrees petition requesting that USS let members see the report that has gone to employers. The report shows the evidence on the funding situation that is necessary to challenge the methodology. Only a short paper with the doom-laden conclusions the USS want members to believe has been made available to the press and pensions officers and we would like to see the evidence and workings that USS are claiming:

https://you.38degrees.org.uk/petitions/uss-must-show-its-workings

 

Is the USS really in deficit?

Dennis Leech
Emeritus professor of Economics, Warwick University

Everybody should keep calm about the universities superannuation scheme. Contrary to sensational press reports last week in the THE, Financial Times and BBC, the USS is not actually in deficit – not in the usual meaning of the word ‘deficit’ anyway.

If it were truly in deficit it would not have enough money coming in to pay its outgoings. It would be forced to sell some of its investment portfolio to keep going. But in reality it has an annual surplus each year of about £1.5 billion available for new investments. It has just bought a large stake in Thames Water, for example. The scheme is cash rich and can remain so for many years. Membership is increasing with over 29,000 new members joining last year.

What, then is the problem? The headline figures quoted are theoretical numbers based on particular hypothetical assumptions about the future, whose realism is in doubt. Many members, the UCU, some universities and some actuaries are questioning whether they really give a true picture of the health of the scheme.

The ‘deficit’ emerges as the difference between the scheme’s assets (its investment portfolio) and liabilities (the value of future pensions benefits). The press reports are sensational because they quote raw figures baldly without any context. The liabilities are estimated to be £72.6 billion, which, with assets of £60 billion, means a shortfall – the ‘deficit’ – of £12.6 billion.

Reporting figures like that as raw numbers, expressed as billions of pounds, without putting them in context is misleading. (It is reminiscent of the way that government debt and deficit are reported in absolute numbers in order to frighten us into accepting cuts in public spending.) Given the size of the USS, with almost 400,000 members, it is actually not surprising that the figures are so large. They need to be put in proper context before any conclusions can be drawn. They represent a funding ratio of 83 percent: the assets are currently worth 83 percent of the liabilities. So is that high or low?

Compared with the funding levels of the almost 6,000 private UK schemes, of which the USS is the largest, it is not out of line. Its funding ratio is fairly typical. The average for schemes in deficit is 83 percent, according to the Pensions Regulator Scheme Funding Statistics 2007. The BT pension scheme funding ratio is 64 percent.

So it is not fair to say, as the FT article claimed, that the USS has the largest gap between assets and liabilities of any scheme in the UK. It is only large because the scheme is very large.

While the USS ‘deficit’ is not out of line with other privately funded schemes, we still need to ask where it comes from in the first place and what it means. The main reason for pension scheme deficits – not just USS – is that the accountants tend to insist on an assumption that schemes be invested only in bonds (even though that may not be true). In this they seem to be following a herd mentality and advocating something which is irrational. Why anyone would believe that investing in gilts at the present record low real interest rates, which entails expecting to make a loss, reduces risk is hard to understand.

But gilt interest rates have really very little to do with the USS pension scheme. After all, the pensions that members will receive are not paid out of the meagre returns from gilts but the much better returns from the long-term investments the scheme actually has, that it has built up over the years, mostly equities and other high-return assets. Such assets – if held for the long term – yield a high return with minimal risk.

[The USS uses this best estimate rate of return to value liabilities but with a substantial – some say excessive – margin of prudence to allow for market volatility of equities and other assets (the technical provisions). However they update this figure regularly using gilt rates, and it is this that appears in the accounts.]

The report also gives an alternative figure for the deficit if liabilities are valued using the actual rate of return from its assets but without the large dollop of prudence and without the gilts updating. This ‘best estimate‘ for the liabilities figure is £38.1 billion, which means the scheme would be in SURPLUS by £3.5 billion! Of course the necessary degree of prudence needs to be applied here, but it does show that this is not a scheme that is in trouble. We are due the consultation on the triennial valuation in the next months and it seems likely that the best estimate valuation will have improved.

Members should stay calm and insist that the scheme remain open to new members and accrual. The biggest threat to the scheme is closing it.

Originally posted on 9th August on Dennis’ blog


Dennis has also written a piece that has appeared in the THE:

https://www.timeshighereducation.com/letters/estimates-may-vary


You may also wish to read this post by Henry Tapper@

https://henrytapper.com/2017/09/03/dont-make-the-teachers-pay/

Pension scrabble image from Flickr