The Universities Superannuation Scheme (USS) has launched a consultation on its 2020 valuation and ‘technical provisions’ laying out options to reduce its expanding deficit.
Universities Superannuation Scheme (USS) will continue its discussions over whether a pre-and post-retirement dual discount rate approach could help plug serious funding concerns for its defined benefit (DB) section.
Universities and College Union (UCU) members are set to begin 14 days of strike action in the largest wave of staff strikes ever seen on UK campuses.
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.
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.
The Universities Superannuation Scheme (USS) is expected to submit its 2018 valuation to The Pensions Regulator in the coming days, despite admitting it is “pushing their limits” in terms of acceptable risk.
The trustees of the Universities Superannuation Scheme (USS) have set out three potential funding arrangements as the £64bn defined benefit (DB) section of the plan seeks to agree a 2018 valuation.
The Teachers' Pension Scheme (TPS) will be given £940m of government funding in an aim to ensure it remains "among the most generous in the country".
The Universities Superannuation Scheme (USS) saw its deficit fall by £3.9bn on a technical provisions basis over a one-year period, its latest valuation reveals.