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Under the plans, senior management will remain part of the national Universities Superannuation Scheme (USS). But lower paid workers on grades 1-6 will only be able to join a new, much cheaper, locally-defined contribution scheme from August 1. The current Dundee University Superannuation Scheme (which is only open to pay grades 1-6) is a defined benefit CARE scheme. The proposed replacement scheme would be a privately administered scheme with no guaranteed benefits in retirement and subject to the performance of the investments selected by its provider. Low-paid workers should ‘not be made to suffer’ Dundee University UNISON branch secretary Phil Welsh said pension poverty is “very real” and questioned the reasoning behind the changes.

Phil welshShutterstock ubermensch mattUniversity of dundee superannuationDundee university superannuation schemeDundee universityUniversities superannuation schemeDundee superannuationLife assurance schemeDefined contributionபில் வெல்ஶ்பல்கலைக்கழகம் ஆஃப் டண்டீ சுப்பெறன்ணுஅதிோன்டண்டீ பல்கலைக்கழகம் சுப்பெறன்ணுஅதிோன் திட்டம்டண்டீ பல்கலைக்கழகம்பல்கலைக்கழகங்கள் சுப்பெறன்ணுஅதிோன் திட்டம்டண்டீ சுப்பெறன்ணுஅதிோன்வாழ்க்கை உறுதி திட்டம்