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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Retirees flock to annuities as sales rise almost 40% year-on-year

Retirees flock to annuities as sales rise almost 40% year-on-year

FCA data finds annuity sales up 38.7% to 80,061 in 2023/24

Jenna Brown
clock 26 September 2024 • 2 min read
Buzz: Should the government immediately deliver on AE 2.0?

Buzz: Should the government immediately deliver on AE 2.0?

The next phase of auto-enrolment, retirement income solutions and pension engagement

Professional Pensions
clock 24 September 2024 • 1 min read
Half of UK pension schemes now under professional or sole trustee management

Half of UK pension schemes now under professional or sole trustee management

Half of UK pension schemes now under professional or sole trustee management

Jonathan Stapleton
clock 24 September 2024 • 2 min read
Trustpilot