A joint statement from Cardiff University and Cardiff UCU (7 March 2018)

On Monday 5 March the Vice-Chancellor and Chief Financial Officer of Cardiff University accepted an invitation from Cardiff University College Union (UCU) to meet with staff and students of the university to account for the Cardiff University position in the current University Superannuation Scheme (USS) pensions dispute. Following discussions at the meeting, the Vice-Chancellor and Cardiff UCU have agreed to call on both UCU and UUK to work with USS to challenge the Pensions Regulator to accept an academically robust, new and independent actuarial valuation. Cardiff University is keen to collaborate with colleagues at other universities to propose the key features of a methodology that would take proper account of USS as a multi-employer scheme. The Vice-Chancellor reiterated his support for working towards a solution that works for employee and employer alike.