Showing results for: "Valuation"
USS’s funding position has continued to improve since its last valuation in 2023, which showed a surplus after more than a decade of reporting deficits.
Dame Kate Barker will stand down as Chair of Universities Superannuation Scheme in July 2027, just shy of completing her final term, as part of carefully scheduled succession planning.
You may have seen the recent media coverage concerning shareholder funding for Thames Water. This followed regulatory announcements made by Thames Water and Kemble on Thursday 28 March 2024. I want to reassure that this will have no significant or material impact on USS's funding position or the security of our members’ promised pensions.
On Thursday 19 May 2022, Professor Hutton withdrew her Employment Tribunal claim against USS. This was Professor Hutton’s unilateral decision – there is no settlement agreement. The trustee has decided not to pursue Professor Hutton for its costs.
The contributions members and employers pay into USS, and the way future retirement benefits are built up, are both set to change.
After six months of extended negotiations, USS’s Joint Negotiating Committee (JNC) has now determined how the funding challenges facing the scheme should be addressed. This comes almost two years after we first committed to holding a 2020 valuation.
The Trustee of USS, the UK’s largest private pension fund, has today published an update report that explains the funding challenges facing the scheme.
USS has issued a statement in relation to UUK’s response to a consultation on the proposed Technical Provisions for the 2020 valuation.
The Trustee of USS has today launched a consultation with Universities UK (UUK) on key aspects of the pension scheme’s 2020 valuation.
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