Responding to news that Bill Galvin is set to step down as CEO of the Universities Superannuation Scheme (USS), UCU general secretary Jo Grady said:
'Bill Galvin will be remembered as the architect of the deeply flawed valuation which was used to destroy the pension benefits of university staff. Today, as he walks away with millions in the bank, many of those who dedicate their lives to higher education are set to lose hundreds of thousands of pounds from their retirement funds.
