University hits back over pensions scheme

Unison have criticsed the university over its pension plans

The University of Sheffield has hit back after trade union claims that changes to its pension scheme for lower paid workers is ruining its reputation.

Trade union Unison says the move punishes staff such as cleaners and porters, while senior managers benefit from generous final salary pensions.

But the university have hit back, saying that the changes take into account the realities of rising pension costs and risks being faced in all sectors.

A university spokesperson said: “It meant that the university’s pension scheme was no longer sustainable and affordable. In addition, only a small minority of eligible new employees were choosing to opt into the scheme.

“As a result of further discussions with the unions, a package of additional benefits for members has also been developed for the scheme.”

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