Universities UK (UUK) has come to an agreement with the University and College Union (UCU) over the future of the Universities Superannuation Scheme (USS), reducing entitlement but maintaining defined benefit (DB) accrual.
Under the deal, struck last night with mediation service Acas, the DB element of the scheme will now remain open to academics for another three years, with the deal covering the period from 1 April...
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