Showing results for: "Valuation"
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 latest interim monitoring report provides some positive indicators of the current funding status and contribution requirements of the scheme, as a result of the changes to benefit structure agreed by the Joint Negotiating Committee (JNC), and recent market developments.
Everyone at USS is motivated by a clear duty to keep members’ valuable pensions funded, so that members – and employers – can save for the future with confidence. We understand the concerns of USS members, faced with proposals connected with the 2020 actuarial valuation for higher contributions or benefits that will build up more slowly in the future.
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.
Universities Superannuation Scheme has today issued a technical discussion document to its sponsoring employers. It marks the start of a six-week phase of engagement with employers on the 2020 valuation, which will be based on a ‘snapshot’ of the Scheme’s funding position on 31 March 2020.
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