Respect the JEP, address valuation methodology and governance properly


Respect the JEP, address valuation methodology and governance properly
The Issue
We the undersigned call on Professor Colin Bailey, Principal and President of Queen Mary University of London, and the members of Council, to reject all three of USS management's proposed options for the following reasons:
- The settlement of the industrial action last year was the establishment of the Joint Experts Panel (JEP). We should uphold that agreement.
- In the valuation released last week, USS management has ignored the recommendations of the first JEP report.
- USS management's wilful failure to meaningfully engage with stakeholders is symptomatic of the behaviour that lead to the last round of industrial action.
- The three options presented by USS management are 'solutions' to problems that we do not recognise, because the JEP recommendations on the valuation methods have not been adopted.
In short, there should be no changes to USS contributions, benefits or governance until each relevant JEP report has been considered and implementation agreed by employees and employers.

The Issue
We the undersigned call on Professor Colin Bailey, Principal and President of Queen Mary University of London, and the members of Council, to reject all three of USS management's proposed options for the following reasons:
- The settlement of the industrial action last year was the establishment of the Joint Experts Panel (JEP). We should uphold that agreement.
- In the valuation released last week, USS management has ignored the recommendations of the first JEP report.
- USS management's wilful failure to meaningfully engage with stakeholders is symptomatic of the behaviour that lead to the last round of industrial action.
- The three options presented by USS management are 'solutions' to problems that we do not recognise, because the JEP recommendations on the valuation methods have not been adopted.
In short, there should be no changes to USS contributions, benefits or governance until each relevant JEP report has been considered and implementation agreed by employees and employers.

Petition Closed
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The Decision Makers
Petition created on 17 May 2019