Vice chancellors reject union proposals for USS

UCU says there is ‘no justification’ for pension cuts as the scheme deficit has shrunk

Hope William-Smith
clock • 2 min read
Employers have been paying 21.4% of pay since October 2021
Image:

Employers have been paying 21.4% of pay since October 2021

More than 98% of universities have this week confirmed they do not support the University and College Union’s (UCU) proposal to conclude the Universities Superannuation Scheme’s (USS) 2020 valuation.

Responding to the latest update yesterday (21 February) UCU general secretary Jo Grady again argued there "is no justification" for cuts to USS members' benefits given the USS deficit - around £14b...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

PPF publishes 2024 diversity pay gap report

PPF publishes 2024 diversity pay gap report

Lifeboat fund report shows mean ethnicity pay gap fell by 7.2 percentage points last year

Martin Richmond
clock 13 March 2025 • 3 min read
TPR chief executive Nausicaa Delfas announced as keynote speaker at PP Live

TPR chief executive Nausicaa Delfas announced as keynote speaker at PP Live

CEO of The Pensions Regulator to speak at PP’s flagship event in London on 21 May

Professional Pensions
clock 13 March 2025 • 1 min read
Industry must build on opportunity to create 'strong and resilient' pensions system

Industry must build on opportunity to create 'strong and resilient' pensions system

Scale must be done in practical way to avoid disrupting the pensions market

Holly Roach
clock 13 March 2025 • 2 min read
Trustpilot