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Lecturers poised for strike over further threats to pensions
LECTURERS moved towards industrial action yesterday over downgrading threats to a multibillion-pound pension fund for Britain’s universities.
Members of the £37 billion scheme face making contributions one-third higher than the current rate to fill an £8bn black hole.
Industrial action staged in 2011 saved the final-salary pension for existing members but newly qualified academics have been forced onto a poorer career average savings scheme.
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