Yesterday, a special conference of pre-92 branches agreed to seek a resumption of talks with the employers to resolve the USS dispute. If the employers agree to further talks then the union will suspend the current industrial action (work-to-contract) while serious and constructive negotiations are taking place.
The union clarified that its policy is to:
• protect the final salary of existing members;
• derisk USS through the introduction of an acceptable CARE scheme for new entrants;
• close the gap between the value of the CARE and final salary sections by negotiating improvements to the CARE scheme which would secure broad comparability with TPS, including the removal of inflation caps.
Branches will be informed of further developments, especially concerning any formal suspension of the work-to-contract.