The union's Higher Education Committee met on 13 March to discuss the deal, which was set to be agreed with the employers' representative Universities UK (UUK) at a joint negotiating committee on 14 March. Warwick's UCU branch have stated that they will be opposing the deal.
UCU representatives will meet on Tuesday - and if the deal is accepted, the strike will be suspended from Wednesday.
Warwick UCU have defined their position on the proposed changes via Facebook this evening, having agreed on several points "almost unanimously" in a branch meeting earlier today.
An open letter from staff opposing the deal had argued that it was only postponing long-term decisions about the pension scheme and called for industrial action to continue to "force a more decisive victory".
The move comes after talks over the USS reforms, overseen by the government's Advisory, Conciliation and Arbitration Service (ACAS) concluded today.
They say the new pension proposals will leave them £10,000 a year worse off.
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Under the third point of their outlined position, Warwick UCU has resolved to continue the present strike programme and potentially escalate industrial action if no settlement is reached.
The rejection came after academics and individual branches of the UCU condemned the final deal as "a huge betrayal of our sacrifice", with nearly 10,000 people having signed an open letter criticising the UCU leadership's negotiated position at the time of writing. The branch will be holding an emergency all members meeting in the Arts Centre tomorrow morning to continue discussions.
The maintenance of detailed benefits would be supported by higher contributions by both employers and employees, rising from 18% to 19.3% for employers and from 8% to 8.7% for employees.
The Oxford UCU branch has also added its voice to the revolt, describing the agreement as a "pathetic offer", before urging negotiators to go "back to the table". The union also confirmed that 'the strikes and action short of a strike remain on, and it would now make detailed preparations for strikes over the assessment and exam period'.
In an email sent to all Cambridge UCU members, branch secretary Waseem Yaqoob wrote: "We are now striking for two things: to prevent a reversion to the unacceptable January imposition that abolished Defined Benefit entirely, and to safeguard our pension scheme in the long term".
This article will be updated as the story develops.