Universities Superannuation Scheme backs pension benefit cuts

Union says strikes ‘inevitable’ as USS pension cuts progress

Employer representatives on joint negotiating committee push through Universities UK proposal with chair’s backing

31 August

Oxbridge v-cs and unions call for ‘urgent’ pensions redesign

Ending automatic inflationary increases in benefits should keep contributions below 30 per cent of salary, says joint statement

By Anna McKie

4 August

London, uk - september 01, 2009 A street artist in covent garden entertains the audience with the game of limbo

V-cs go for pension reforms but USS wants ‘stronger assurances’

Universities UK on collision course with unions, which warn reforms could cost members thousands of pounds annually in retirement

By Chris Havergal

15 June

Elderly man holds in his hands an empty wallet

USS reforms ‘would cut guaranteed pension income by 35 per cent’

Union says vice-chancellors’ shake-up would leave staff thousands of pounds out of pocket annually, but universities say current benefits are unaffordable

By Chris Havergal

28 May

Reader's comments (3)

#1 Submitted by SeanieFinneran on September 6, 2021 - 9:30pm

A 21.1% employer contribution to any scheme is nice.

#2 Submitted by markush99 on September 7, 2021 - 7:40pm

Not if it is mostly used to pay for people who retired in their fifties on much higher benefits. The deficit is also grossly exaggerated as the valuation was carried out in March 2020 when stock markets were at multi-year lows due to Covid.

#3 Submitted by Hamilton McMurray on September 8, 2021 - 1:52am

Britain is determined to win that race to the bottom!

Universities Superannuation Scheme backs pension benefit cuts

Fund’s embrace of employer-led reforms averts massive hikes in contributions

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Union says strikes ‘inevitable’ as USS pension cuts progress

Oxbridge v-cs and unions call for ‘urgent’ pensions redesign

V-cs go for pension reforms but USS wants ‘stronger assurances’

USS reforms ‘would cut guaranteed pension income by 35 per cent’

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Universities Superannuation Scheme backs pension benefit cuts

Fund’s embrace of employer-led reforms averts massive hikes in contributions

Register to continue

Subscribe

Related articles

Union says strikes ‘inevitable’ as USS pension cuts progress

Oxbridge v-cs and unions call for ‘urgent’ pensions redesign

V-cs go for pension reforms but USS wants ‘stronger assurances’

USS reforms ‘would cut guaranteed pension income by 35 per cent’

Reader's comments (3)

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