We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
University of Worcester pension arrangements
Marcon
Posts: 16,462
Forumite
Interested to read this: https://www.worcester.ac.uk/about/job-opportunities/pension-schemes-retirement.aspx
Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!
3
Comments
-
It's going to become more popular in the higher education sector. I believe Solent are planning on terminating everyone's current employment and transferring them to new contracts without LGPS or TPS. Lots of other post-92 universities are considering pension arrangements for new staff, stopping access to the DB schemes.0
-
Cost shedding.Your life is too short to be unhappy 5 days a week in exchange for 2 days of freedom!
One can always make more money. No one who has ever lived can create more time.0 -
I'm from that area, when did Worcester get a University?0
-
TadleyBaggie said:I'm from that area, when did Worcester get a University?1946, or 1977, or 2005 depending on what date you pick from its history:N. Hampshire, he/him. Octopus Intelligent Go elec / Fuse gas / Vodafone BB / iD mobile. Kirk Hill Co-op member.Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Ecoflow Stream, Best kettle :-)
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 37 MWh generated, long-term average 2.6 Os.0 -
As I understand it, pre-1992 the polytechnic staff were not eligible for USS, but were mostly in TPS or sometimes LGPS, which are more generous schemes (but the salaries were generally quite a bit lower). This largely carried on as-was after 1992. The snag now is, the employer costs for TPS/LGPS are nudging towards 30%, compared to about 17% for USS, so there is a strong incentive for the post-92 univs to shut off these schemes.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.8K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.3K Work, Benefits & Business
- 606K Mortgages, Homes & Bills
- 179K Life & Family
- 263.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards