UCU confirms USS benefit restoration set for next year

Scheme confirms members and employers will not have to pay more to restore benefits

Martin Richmond
clock • 2 min read
UCU general secretary Jo Grady
Image:

UCU general secretary Jo Grady

The University and College Union (UCU) has indicated full restoration of the benefits of Universities Superannuation Scheme (USS) members is on course to be carried out next year.

In a financial update ahead of the scheme's 2023 valuation, the UCU along with Universities UK (UUK), confirmed they have agreed to reverse the cuts made last year and added the restoration of the ...

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

Gilt yields climb once again as King's Speech fails to calm market nerves

Gilt yields climb once again as King's Speech fails to calm market nerves

Starmer battles to save leadership

Michael Nelson
clock 13 May 2026 • 1 min read
Professional Pensions Live: Last chance to register

Professional Pensions Live: Last chance to register

Our flagship event will be held on 19 May at Convene, 155 Bishopsgate in London

Jonathan Stapleton
clock 13 May 2026 • 1 min read
Some 12.2 million people facing poverty in retirement

Some 12.2 million people facing poverty in retirement

Scottish Widows report finds the current state of the nation’s savings is ‘precarious’

Martin Richmond
clock 13 May 2026 • 4 min read
Trustpilot