Universities accused of giving out misleading information over pension changes

Universities have been accused of presenting misleading information on the future of staff pensions, according to a response paper reported today.

In response to modelling by Universities UK (UUK) on how its proposed changes would affect staff pensions, Oxford University said the examples given by UUK are ‘misleading because they assume no promotion or incremental salary increases’. It goes on to say ‘we feel we should show our staff examples based on a realistic and typical career’.

UUK is proposing radical changes to the Universities Superannuation Scheme (USS) pension scheme. The changes would end the final salary element and introduce a riskier defined contribution pension scheme with those in, or aspiring to, the highest roles suffering most.

UCU said the misleading comparisons highlighted by Oxford are not the first time dodgy information has been used in the row over pension changes.

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