Motion
- Motion title
- Pension investment
- Session
- 2007-2008
- Meeting link
- HE conference
- Meeting date
- 29 May 2008
- Status
- Remitted
- Motion
- HE34
- Motion text
1. Conference notes with alarm the recent crisis in the financial markets. This is of particular concern to many UCU members as the USS pension scheme invests heavily in stocks and shares. A collapse in the stock market is a frightening prospect especially if our pensions are likely to be affected by any such catastrophe.
We instruct the NEC to urgently review USS investment in the stock market and to develop proposals to ensure a more secure and balanced fund.
Options to reduce risk may include:
Secure government bonds
Direct investment in social housing, retirement homes and nurseries
Development of a pay-as-you-go scheme such as the English Teachers pension scheme
2. Conference also restates our opposition to any change to the pension scheme, for existing or new entrants, that would affect its final salary scheme status or alter the current retirement age.
- Proposing body
- University of Edinburgh
- Amended
- No
- Allocated to
- Higher education committee (HEC)
- Notes
Administrative info
- Listing reference
- 2008/H/05-29/110/HE34