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
Image:

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...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

SPP presses government to ensure LGPS is fit for the future

SPP presses government to ensure LGPS is fit for the future

SPP says government must minimise risk of unintended consequences

Martin Richmond
clock 02 January 2026 • 2 min read
News Digest: Netherlands overhauls its €1.8tn pension system

News Digest: Netherlands overhauls its €1.8tn pension system

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 02 January 2026 • 1 min read
Merry Christmas from Professional Pensions

Merry Christmas from Professional Pensions

Back on 2 January 2026

Professional Pensions
clock 24 December 2025 • 1 min read
Trustpilot