University of Portsmouth to make 'drastic' changes to pension scheme for new members

New staff at the university will join ‘inferior’ DC plan from 1 August, UCU reveals

Jasmine Urquhart
clock • 3 min read
Portsmouth University plans to make changes to its pension offering for new staff
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Portsmouth University plans to make changes to its pension offering for new staff

The University and College Union (UCU) has revealed new staff at the University of Portsmouth will be enrolled into a defined contribution (DC) plan instead of the existing defined benefit (DB) plans as of next week.

Under new plans, the university will employ new staff through a subsidiary company and offer them a DC plan instead of the Teachers' Pension Scheme (TPS) as well as being denied access to the Local...

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Jasmine Urquhart
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Jasmine Urquhart

Senior Correspondent at Professional Pensions

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