USS benefits to be restored 'in full', says UUK and UCU

Joint statement confirms members’ benefits on course to be restored to pre-April 2022 levels

Martin Richmond
clock • 1 min read
Grady: University staff have taken another big step towards seeing their retirement benefits restored
Image:

Grady: University staff have taken another big step towards seeing their retirement benefits restored

Members of the Universities Superannuation Scheme (USS) are on course for their benefits to be restored ‘in full’, Universities UK (UUK) and the University College Union (UCU) say.

In a joint statement issued today (25 May), the UCU and UUK confirmed that, pending the outcome of the scheme's 2023 valuation, the benefits of USS members would be restored to pre-April 2022 level...

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

Buzz: Are you concerned tax relief changes could mandate investment in UK assets?

Buzz: Are you concerned tax relief changes could mandate investment in UK assets?

Tax relief changes, DWP terminal illness definition, hybrid asset ownership model, AI adoption

Professional Pensions
clock 20 October 2026 • 1 min read
Guy Opperman says industry in agreement VfM is a 'slow-moving car crash'

Guy Opperman says industry in agreement VfM is a 'slow-moving car crash'

Former pensions minister claims widespread industry criticism of the framework

Alex Levy
clock 20 October 2026 • 2 min read
UK ranks 14th in global retirement index as pension systems under 'real strain'

UK ranks 14th in global retirement index as pension systems under 'real strain'

Marsh and CFA Institute say guided retirement could ‘shift the dial’ on decumulation

Alex Levy
clock 20 October 2026 • 2 min read
Trustpilot