Universities UK launches consultation with USS employers
08 Apr 2021
Universities UK (UUK) has launched its consultation with 340 Universities Superannuation Scheme (USS) employers, including our University, to gather their views
The USS 2020 valuation, used as the basis for negotiations on how much employees and employers will pay in contributions and/or how benefits to members may have to change, is significantly worse than the previous one in 2018. The upper end of the pricing range is now around 56% of salary and the lower end circa 42%. The current rate is 30.7% (21.1% paid by employers and 9.6% paid by employees).
Our University must give a response by 24 May and this will be published on StaffNet. Further information has been published by Universities UK on the USS Employers website.