UK universities to consult on changing USS pension benefits

In letter to vice-chancellors, Universities UK says it is ‘disappointed’ sector’s biggest pension fund will not conduct a review of controversial valuation

Published on
March 30, 2021
Last updated
March 30, 2021
USS, pension, pensions, retire
Source: iStock

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Reader's comments (4)

The USS doesn't appear to like scrutiny. The only certainty in their operations is that, despite claiming that they don't have sufficient to meet their obligations to members without making unilateral changes to the contract, they continue to award their own executives substantial bonuses... for what, precisely? Personally, once it has been proven necessary, I wouldn't mind paying a bit more now to have a secure retirement. Some people might prefer otherwise, so perhaps we should be given the choice (as individuals regarding our own pensions, not voting for what the entire organisation does) pay more now for a DB pension in the future, or continue to pay the same for a DC pension.
I'm really struggling to see any good reasons for why busy younger academics should stay in a scheme that is designed to be unfair to them and overly generous to boomers who were pensioned out years ago for underperformance...
"who were pensioned out years ago for underperformance" Do you have evidence for this opinion?
Boomer baiting is a permitted sport, it’s all our fault so no evidence required.

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