USS to cut contribution rates on 1 January 2024

Employee contribution rates to drop to 6.1% from 9.8% amid ongoing pensions dispute

Holly Roach
clock • 2 min read
UCU general secretary Jo Grady
Image:

UCU general secretary Jo Grady

The Universities Superannuation Scheme (USS) has confirmed it will cut contribution rates on 1 January.

 Starting next year, employee contributions will fall to 6.1% from 9.8%, after the University and College Union (UCU) and employer representatives voted through the changes earlier this week at 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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

UK inflation holds firm at 2.2% as Bank of England decision beckons

UK inflation holds firm at 2.2% as Bank of England decision beckons

Services inflation remains 'sticky' ahead of MPC meeting on interest rates

Linus Uhlig
clock 18 September 2024 • 2 min read
PDP confirms GOV.UK One Login as identity service provider

PDP confirms GOV.UK One Login as identity service provider

PDP said use of the government service will ensure security and ease for dashboard users

Holly Roach
clock 18 September 2024 • 1 min read
TPO upholds complaint against employer for failing to pay contributions into plan

TPO upholds complaint against employer for failing to pay contributions into plan

Employer ordered to pay investment loss into plan and £1,000 for ‘serious distress’ caused

Holly Roach
clock 17 September 2024 • 1 min read
Trustpilot