Universities Superannuation Scheme (USS) has reported a technical provisions deficit of between £14.9bn and £17.9bn as of 31 March 2020, and delayed its valuation as it considers how to proceed.
The University and College Union (UCU) has announced a further 14 days of strike action at 74 UK universities in a continuing dispute about pensions and pay.
Five dates in January have been set for meetings to look at reforming the Universities Superannuation Scheme (USS) with the Universities and College Union (UCU) and Universities UK (UUK).
Universities Superannuation Scheme (USS) will hold further discussions in the new year to agree on how to proceed with the scheme.
The Universities Superannuation Scheme (USS) Joint Expert Panel’s (JEP) proposals for future valuations have received broad support as a way protecting the long-term interests of its members.