Universities UK represents higher education employers in discussions over the future of the USS scheme, which is a valued part of the remuneration package in higher education.
The scheme faces a number of important challenges. Universities UK is working to make the scheme sustainable while offering the very best pensions that can be afforded.
On behalf of over 350 USS employers, UUK has been negotiating with the University and College Union (UCU) over changing the scheme since January 2017. On 23 March 2018, Universities UK and UCU announced that they are proposing to establish a Joint Expert Panel to review the USS valuation, processes and assumptions and to agree key principles to underpin the future joint approach to the valuation of the USS fund. This proposal has received the support of USS employers and UCU members.
This follows an agreement being reached at Acas on 12 March 2018 between employers and union officials, which union branches subsequently rejected. The reasons why the changes are necessary have been outlined in a blog by Universities UK Chief Executive Alistair Jarvis.
For any queries relating to the valuation – including how the deficit was calculated – please contact USS directly.
developments some of the details in the information provided below may not reflect the latest position; please also see press releases for the latest
5 Facts: USS pensions
Modelling of UUK’s proposed USS benefit changes
Universities UK proposal to the Joint Negotiating Committee for future benefit reform
Proposal to reform USS pensions: statement for members
Universities UK’s work on USS is overseen by the Employers’ Pensions Forum. More information on the Employers’ Pensions Forum can be found on its