Members of the Universities Superannuation Scheme (USS) have been sent a revised offer pledging to maintain current benefits alongside existing contribution levels until April next year.
An independent expert panel will be commissioned to review how the £6.1bn funding deficit figure for the Universities Superannuation Scheme (USS) was reached, Universities UK (UUK) has announced.
This week's top stories included coverage of the ongoing Universities Superannuation Scheme (USS) saga, where members rejected a negotiated deal between their union and the employers.
Strike action is set to continue at universities across the country after the University and College Union (UCU) rejected a negotiated deal to reform the Universities Superannuation Scheme (USS).
Universities UK (UUK) has come to an agreement with the University and College Union (UCU) over the future of the Universities Superannuation Scheme (USS), reducing entitlement but maintaining defined benefit (DB) accrual.
Universities UK (UUK) has suggested a collective defined contribution (CDC) scheme could be a replacement for the defined benefit (DB) element of the Universities Superannuation Scheme (USS).
University and College Union members have vowed to step up their strike campaign over changes to the Universities Superannuation Scheme with ‘sustained industrial action' in June.
Further concessions on changes to the Universities Superannuation Scheme will not be made despite planned strike action by the University and College Union, employers say.