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University strikes called off after pensions deal

University strikes called off after pensions deal”

An agreement has been reached in the university strike - with union leaders and employers making a deal over threatened pension cuts.

There would also be an independent evaluation of the pension - after there were disputes over the scale of the funding gap that had to be filled. This means that teaching will resume on Wednesday 14th, the last day of Cambridge teaching for Lent Term. The current occupation forms part of a student effort "in support of staff striking to defend their pensions".

An estimated 30 students from Cambridge Defend Education (CDE) are now occupying Old Schools, the University's administrative centre, as part of the strike action.

Matt Kite, a member of CDE and CUSU education officer-elect, told Varsity: "The agreement that's come from UCU and UUK on their talk today has yet to be put to UCU members".

The University and College Union (UCU) said that talks with Universities UK (UUK) had concluded, and that a three-year transitional benefit arrangement had been agreed on - subject to consultation with its members.

Not everyone is supportive of the deal, however, with some strikers calling for it to be thrown out.

Given concerns expressed by many universities and UCU about the scheme's valuation methodology, which triggered concerns of a £6.1 billion deficit and UUK's proposal to end defined benefits, an independent expert valuation group would be convened to look into the issue.

Contributions from universities and staff would increase during the transition period, to 19.3 per cent for employers and 8.7 per cent for employees (currently 18 per cent and 8 per cent respectively).



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