USS called to create low-cost, low-contribution DB option

Union calls for universities to prioritise pensions and pay over ‘vanity projects’

Hope William-Smith
clock • 4 min read
Grady: “A priority for us is that we need the scheme being run for the benefit of members."
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Grady: “A priority for us is that we need the scheme being run for the benefit of members."

A new low-cost defined benefit (DB) scheme that allows member contributions to be as low as 0% should be considered by the Universities Superannuation Scheme (USS) to stop members opting out, the University and College Union (UCU) says.

Speaking at a media briefing last Friday (19 August) UCU general secretary Jo Grady said the union was continuing to push USS to funnel pension savers into a different form of DB model rather than ...

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