All University and College Union (UCU) articles
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News
USS employers agree to restore university pension benefits
UUK and UCU agreed to full benefit restoration to pre-April 2022 levels by Monday 1 April 2024
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Universities flag importance of investment performance after USS reforms passed
Chair of stakeholder forum exercises casting vote to pass employer-proposed reforms
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Employers down on UCU proposal for resolving USS dispute
93 of 97 employers did not support the proposal, according to UUK
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USS sees new £500m private markets move as net-zero help
University scheme announces interim net-zero targets
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Academics’ union issues new proposals in bid to resolve USS dispute
UUK says proposals appear to ignore previously expressed employer views
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Russell Group flags support of UUK options as USS sees ‘grounds for cautious optimism’
Influential subset of UUK employers states areas of agreeement with UUK options for addressing contested 2020 USS valuation
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UUK floats ‘difficult’ USS covenant requests, new DB/DC balance
Staff union accuses employer body of proposing ‘unnecessary and damaging cuts’
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Covenant centrestage as USS outlines higher contribution rates
Contributions could go from upcoming 34.7% to 49.6% unless employers make further commitments, says USS
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More university strikes planned as USS talks fail to win over union
UCU wants employers to contribute more to rising pension costs
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USS ‘pushing regulator to the limit’ on risk, says CEO
£68.5bn scheme’s leaders say they have taken a position of ‘maximum flexibility’ in a bid to resolve a long-running dispute over contributions
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USS deficit hits £6.6bn as chief exec warns on market outlook
Staff and employers have been unable to agree contribution levels – and recent market volatility could require them to pay even more
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University staff warn of fresh strike action over contributions [updated]
Employers welcome proposal from USS’ Joint Negotiating Committee but union rejects higher costs for scheme members
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UK universities back fresh funding proposal for USS
Employers backing the UK’s largest pension scheme agree to measures supporting lower contribution rates, including a moratorium on exits
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Staff and students protest as college threatens exit from USS
Council in charge of Trinity College, Cambridge wants to extract itself from USS in a move that could cost it £30m
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Fresh proposals for USS funding fail to satisfy university staff
The higher education staff union says a proposed new contribution schedule for the £64bn scheme is not sufficient to break the negotiating deadlock
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Roger Gray to step down as USS investment chief
CEO of higher education scheme’s investment operations to exit after a decade in charge
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USS: Further delay to funding agreement risks regulatory action
Universities scheme proposes completing 2017 valuation without incorporating joint expert panel’s recommendations
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USS prepares fresh valuation as employers accept more risk
UK’s biggest pension scheme aims to put forward new contribution rates in February to resolve long-running dispute
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UK’s biggest scheme 'could take more risk to cut deficit' – expert panel
Changes could result in contribution levels rising to 29.2% instead of 36.6%
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USS proposes 41% contribution hike to plug funding shortfall
Report into 2017 valuation expected by September with employers hoping to avoid higher pension costs