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.
faces a number of important challenges. Universities UK is working to make the
scheme sustainable while offering the very best pensions that can be
On behalf of
over 350 USS employers, UUK has proposed changes to the scheme. The reasons why the changes are necessary have been outlined in a blog by Universities UK Chief Executive Alistair Jarvis.
Modelling of UUK’s proposed USS benefit changes
This modelling, completed by Aon Hewitt, illustrates the potential impact of UUK’s proposals on employees. This is initial modelling and does not part of any consultation with scheme members. It is important to stress that any decisions to change USS pension benefits will be subject to consultation with scheme members in early 2018. There can be no changes to the pension rights that members have already earned, both under the USS rules and under pensions law.
UK’s work on USS is overseen by the Employers’ Pensions Forum. More information
on the Employers’ Pensions Forum can be found on its website.