USS surplus hits £5.6bn amid calls to reverse pension cuts

University staff have called for the reversal of USS pension cuts after its surplus grew

Holly Roach
clock • 3 min read
USS group CEO Bill Galvin
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USS group CEO Bill Galvin

The Universities Superannuation Scheme (USS) surplus has grown to £5.6bn, prompting calls from university staff for a reversal of USS pension cuts.

In its latest funding monitoring report (to the end of September 2022), the USS said the technical provisions deficit on the valuation date had been eliminated on the monitoring basis and is now sh...

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