Members and eligible members of the Universities Superannuation Scheme (USS) are invited to attend a presentation this July so they can find out the latest developments. Members can book their place on the links within this article.
The University has arranged for USS pensions expert, Brendan Mulkern, to run five presentations and a member of the University Executive Board will introduce each session.
A reminder of the background
In January, Universities UK (UUK) and University College Union (UCU) representatives on the Joint Negotiating Committee (JNC) discussed changes to the scheme in response to the last USS valuation which revealed funding challenges.
These changes were rejected on 27 April and UUK and UCU agreed that an independent Joint Expert Panel should review the valuation with a view to finding a solution acceptable to members.
Under the USS rules, the absence of any benefit proposals recommended by the JNC results in the ‘cost-sharing’ rule (76.4-8) taking effect. This involves an increase in contributions to the scheme (as determined by the trustee’s valuation) with a 35:65 split between members and employers respectively.
The presentation will explain these latest developments, including rule 76, while also providing more information about the Joint Expert Panel, and other key stakeholders involved in this process.
The presentations
| Date | Duration of presentation is one hour, there will be time after for questions | Location | Click on the link to book your place |
| Monday 2 July | 10:00 | 46/3001 | Book your place |
| Tuesday 3 July | 11:00 | 32/1015 | Book your place |
| Monday 9 July | 14:00 | 46/3001 | Book your place |
| Monday 16 July | 10:00 | 32/1015 | Book your place |
| Tuesday 17 July | 11:00 | 32/1015 | Book your place |
For further information:
