UCU Warwick all members meeting – the “Agreement”

https://www.ucu.org.uk/media/9300/Agreement-reached-between- UCU-and-UUK-under-the-auspices-of- ACAS/pdf/UCU_UUK_agreement_at_ACAS_12_March_Final.pdf https://www.ucu.org.uk/article/9364/Further-talks-agreed-in- universities-pensions-dispute

Proposal (28 Feb) Interim Agreement (3 Years) Moving back to September valuation ?? (indicates no readiness to go back to September valuation) DB cap £55,550 £42,000 Accrual rate 1/80th 1/85th Contributions rise 2.7% employers, 1.4% members Contributions rise 1.3% employers and 0.7% members Review of “competitiveness” of USS (comp to TPS) and discussions with government and political partners - ?? Indexation/ revaluation capped at CPI “up to 2.5%” Review of valuation methods Independent review (to inform next valuation) Study of alternative ways such as CDC Consideration of CDC going forward

Industrial Action Suspension: Rescheduling teaching: “UUK expect that UCU will suspend industrial action from and including Wednesday 14 March” Rescheduling teaching: UUK and UCU “recognise that trust needs to be rebuilt” UUK asks institutions to consider ways in which the financial impact on Graduate Teaching Assistants may be minimised UCU undertakes to encourage its members to prioritise the rescheduling of teaching