Vice chancellors reject union proposals for USS

UCU says there is ‘no justification’ for pension cuts as the scheme deficit has shrunk

Hope William-Smith
clock • 2 min read
Employers have been paying 21.4% of pay since October 2021
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Employers have been paying 21.4% of pay since October 2021

More than 98% of universities have this week confirmed they do not support the University and College Union’s (UCU) proposal to conclude the Universities Superannuation Scheme’s (USS) 2020 valuation.

Responding to the latest update yesterday (21 February) UCU general secretary Jo Grady again argued there "is no justification" for cuts to USS members' benefits given the USS deficit - around £14b...

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