Ready for October 2019 contribution increases?
There will be contribution rate changes in October either under the 2017 or the 2018 valuations. The scheme’s stakeholders are still in discussion about the options open to them but we will confirm which rates will apply as soon as we’re able.
Either way, the first deduction at the new rate will take effect from 1 October 2019, this means the first deduction at the new rate will be from the October payroll.
We will provide updated contribution interface guidance, along with updated templates for those that complete the interface manually each month, once the rates have been confirmed.
Valuation update
Copies of any correspondence that we’ve sent to heads of institutions are available from the employer resource hub on the employer portal, in the Employer communications and emails section. We’ll always update the employer portal dashboard to let you know when we’ve sent something out or there’s something new on the valuation pages of the website. These pages include lots of useful information for employers and members.
UUK’s USSEmployers website will give you their latest position on current events relating to the 2018 valuation.