18 March 2018

Self Sufficiency explained

USS Chief Executive Officer Bill Galvin has challenged UCU activists that the so-called valuation deficit is based upon universities going bankrupt.

USS negotiator Carlo Morelli explains the concept of Self-Sufficiency (the ability to pay pensions without any new contributions) and why bankruptcy is exactly the concept being used in creating the deficit.

Self-sufficiency explained (YouTube)

Also see the article Made in Westminster.

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