{"id":29534,"date":"2018-02-15T15:55:28","date_gmt":"2018-02-15T15:55:28","guid":{"rendered":"http:\/\/www.jomec.co.uk\/intercardiff\/?p=29534"},"modified":"2018-02-15T15:55:28","modified_gmt":"2018-02-15T15:55:28","slug":"classes-will-affected-lecturers-prepare-longest-university-strike-recent-history","status":"publish","type":"post","link":"https:\/\/cardiffjournalism.co.uk\/intercardiff\/politics-social-justice\/classes-will-affected-lecturers-prepare-longest-university-strike-recent-history","title":{"rendered":"Classes will be affected as lecturers prepare for lengthiest university strike in recent history"},"content":{"rendered":"

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Lecturers in 61 British universities are preparing to embark on a four-week long strike over changes in their pension scheme. Why are they striking and how is this going to affect students?<\/h2>\n
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University lecturers in the UK will take industrial action over proposed changes in their pensions which can result to losses of up to \u00a310,000 per retirement year.<\/p>\n

The strikes will start on the 22nd<\/sup> of February and will continue until the 16th<\/sup> of March. Cardiff University is among the institutions that will be affected from the strikes.<\/p>\n

Dr. Victoria Wass, a labour economist at Cardiff university and member of the UCU (University and College trade union) which is organizing the strikes, explained us the proposed changes to the lecturers’ pensions:<\/p>\n

\u201cIn a defined benefit scheme, you get a guaranteed pension when you retire and that pension depends on how long you\u2019ve worked and what was your salary while you worked. The employer is proposing to replace that scheme with a defined contribution scheme. With a defined contribution scheme, every individual has his\/her own individual investment pot. If you want to buy a pension, that is like your defined benefit pension, in the sense that you get a fixed amount for the rest of your life, you have to buy an annuity but the annuity that you can buy is much lower than the defined benefit scheme. And I mean much lower! Somebody that was due to retire on an annual pension of \u00a316,000 will be on \u00a38,500.\u201d<\/p>\n

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