Motion to the general meeting 25 October 2017

This conference believes that

1. USS reports on the basis of its real assets: a surplus of £5bn.
2. The reporting of a deficit is a recklessly prudent artificial construct ideologically driven by changes in accounting reporting regulation.
3. Constructing deficits has provided an ideological justification for the privatisation of collective Defined Benefit pension schemes and movement into individual Defined Contribution pension schemes.

This conference resolves

1. To reaffirm that UCU does not accept the methodology that creates the ‘gilts plus’ deficit.
2. To state publicly in our literature we do not believe there to be a deficit and not to seek additional contributions from employers to pay for the constructed deficit.
3. To refuse to accept detrimental changes to the USS pension scheme.

Proposed by the committee