University academics have issued the proceedings over ongoing valuation concerns
The PPF’s £1bn in compensation and strike ballots over USS pensions problems
USS is set to impose higher contributions from April 2022 without benefit changes
60-day consultation set to begin as USS trustee chair says price of certainty more expensive
While the proposal received majority backing, this was without UCU support
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 Universities Superannuation Scheme (USS) has launched a consultation on its 2020 valuation and ‘technical provisions’ laying out options to reduce its expanding deficit.
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.