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University staff will be more than £200,000 worse off under new pension arrangements

University staff will be more than £200,000 worse off under new pension arrangements

University staff will be more than £200,000 worse off under new pension arrangements as a result of rising contributions and reduced benefits, according to analysis for the University and College Union.

On the eve of a new ballot over strike action at British universities, the UCU published research claiming that a typical member of the UniversitiesSuperannuation Scheme (USS) would pay £40,000 more into their pension but receive almost £200,000 less in retirement as a result of changes introduced since 2011.

The strike ballot is due to open on 9 September at 69 universities with UCU members in the pension scheme and will run until the end of October. Last year more than 40,000 staff took part in sustained and unprecedented strike action over their pensions that brought campuses to a standstill.

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