USS Pension Updates

Colleagues will be aware that the future sustainability of the Universities Superannuation Scheme (USS) is the subject of considerable debate, following a valuation that took place in March 2017. The valuation indicates that the changes to the scheme introduced in 2014 have not resulted in the required reduction in the funding deficit which, according to the independent actuary appointed by USS, now stands at approximately £7.5bn. As a consequence there will need to be some changes to the operation of the scheme.

This page will provide updates on the proposals and changes as they become available.

Further information is available at the Universities UK (UUK) and Universities and College Union (UCU) websites.


USS Pension Updates: UUK FAQ's

Posted on 16 February 2018 Universities UK have prepared answers to five key questions USS members are asking about their USS pension

USS pension: UUK updated Q&A and benefits modelling

Posted on 15 December 2017 UUK has published further information relating to the current proposals for changes to the USS pension scheme as a result of the 2017 valuation.
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An introduction to proposed changes to USS (7 December 2017)

Posted on 07 December 2017 This article introduces the issues related to the changes proposed to the Universities Superannuation Scheme (USS) pension scheme and outlines the initial options understood to be in consideration to address the deficit.