Unions warn of the Tories' ‘back door cuts’ to colleges and universities
UNIONS and Labour warned today that the government is planning millions of pounds of “back door cuts” to colleges and universities.
The University and College Union (UCU) has warned that workers are worried that possible cuts to pension funding could see institutions footing a £300 million bill.
The concerns come from employers having to raise their contributions to the Teachers Pension Scheme (TPS) from 16.48 per cent to 23.6 per cent, following the government’s announcement that it would be reducing the rate which it pays.
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