The annual income of Britain’s top uni boss would exceed the amount received by many lecturers over their retirement under her pension plans.
Janet Beer is president of Universities UK (UUK), the body for university vice-chancellors whose proposals for staff pensions has sparked today’s strike.
Very timely pay figures published today by the Times Higher Education magazine reveal she received £363,300 in pay and perks last year.
Now compare that to what long serving lecturers will receive over a 27 year retirement under UUK’s proposals, according to an independent analysis:
Under the current system, a lecturer who paid into their pension for 30 years and finished their career earning £58,655 would receive £503,000 over their retirement.
But UUK’s plan would see them lose £157,000 from their pension pot and reduce their retirement income to £346,000.
A lecturer finishing their career on a salary of £47,772, would lose £129,000 compared to the current system and receive an income of £305,000.
All but the best paid academics would receive less in 27 years than the president of UUK made last year alone.
No wonder these pension cuts only seem like small beer to Janet…