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This scheme is set to end in 2016.
However, the scheme is set to unfold over 25 years.
Setting up the bike hire scheme is set to cost £140m over six years.
"The way this scheme is set up," Mr. Katyal said, "our answer is no".
A defined contribution pension scheme is set up by the employer, and he or she must contribute to the scheme.
The scheme is set to launch in the autumn and will ramp up to well beyond 25 hours next year.
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Taking into account £78,000 higher education funding council money over three years, the scheme is setting Suffolk back roughly £780 per student per year, excluding cover.
But apparently the whole scheme was set in motion by a German diplomat, Georg Ferdinand Duckwitz.
The policy was aimed at cutting the benefits bill – the scheme was set to save around £1bn over five years.
The scheme was set up in 2011 as an independent charity, but has been taken over by the Reading Agency.
The EU's emissions trading scheme was set up as a market solution to cut greenhouse gas pollution from industry.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com