UUK proposes axing future accrual in USS

Michael Klimes
clock • 3 min read

Universities UK (UUK) has proposed ending future accrual of defined benefit (DB) promises and transferring members to the existing defined contribution (DC) plan.

According to a statement published on UUK's website today, a "sustainable solution" for the funding challenges facing the Universities Superannuation Scheme (USS) needs to be found.  Employers w...

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