Pensions can only be paid out of the efforts of those currently in work (Source: Getty) University lecturers began a strike over their pensions last week. The dispute may even run on and jeopardise the summer exams.
The main issue is that the universities’ pension scheme seems to be in substantial deficit. To solve the problem, a move from defined benefits to defined contributions is proposed.
With the former, the pension is a guaranteed amount each year. With the latter, the pension depends upon how well the assets which back it are performing. Read more : DEBATE: Have the changes to […]
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