Conditional Indexation: interim report

UCEA and UCU have been working with support from the USS trustee to consider how to achieve greater stability in the scheme over time, reducing the volatility in contribution rates and benefits seen in recent years.

As part of this work, UCEA and UCU agreed to explore Conditional Indexation (CI) benefit design options to identify if CI could improve USS member expected outcomes and/or deliver improved contribution and benefit stability within an affordable cost envelope for members and employers compared to the current benefit design.

Per their working group’s terms of reference, you can view the first of two planned progress reports below. This provides an interim update on progress and highlights areas for further exploration.

The second report will be more detailed and allow for a much deeper discussion by the stakeholders with members and employers.

Information on Conditional Indexation will also be available on UCEA and UCU’s websites.