So yer #defenduss.
The UCU delegation came back with a new offer, the same stuff but with a slightly higher accrual rate, some more money from the other side, a higher cap, and promises to use any improvement in the scheme finances to put back the cuts and also to review the valuation methodology. And it looks like two-thirds of one-third of the membership voted for it. One third of the membership that ever received a ballot.
Nobody seems to have any idea about the people who voluntarily put more money in, about what this further review means, or about how the defined contribution fund above the cap would work. On the other hand, nobody had any idea what the UCU’s strategy was if the dispute went on. The marking boycott had already been turned down by a lot of universities and nobody liked it in the first place.
There is now a statutory consultation period, for what it may be worth. The lesson, though, is that negative numbers are scary, and that the UCU can’t manage to send out e-mail. No song, because I’m not feeling it.