'Historic victory' as full restoration of USS benefits expected by April 2024

UUK agrees to reverse the 35% cut made to the USS pension and restore what has been lost

Holly Roach
clock • 4 min read
UCU general secretary Jo Grady
Image:

UCU general secretary Jo Grady

A deal has been struck meaning full restoration of Universities Superannuation Scheme (USS) benefits to pre-April 2022 levels will take place by 1 April 2024, the University and College Union (UCU) confirmed today (5 October).

UCU said Universities UK (UUK) has agreed to reverse the 35% cut made to the USS pension and restore what has been lost. In a joint statement, UCU and UUK said full benefit restoration by 1 Apri...

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

PP Live 25: 'Pension Prophets' talk tax, adequacy and surpluses

PP Live 25: 'Pension Prophets' talk tax, adequacy and surpluses

Former pensions minister Guy Opperman and IGG’s Rachel Croft and Tim Giles discuss

Jasmine Urquhart
clock 22 May 2025 • 3 min read
Robin Ellison – Fit and proper people?

Robin Ellison – Fit and proper people?

PP’s regular columnist asks how regulators should judge our behaviour

Robin Ellison
clock 22 May 2025 • 13 min read
PP Live 25: PDP taking 'flexible and agile' approach to get all schemes connected

PP Live 25: PDP taking 'flexible and agile' approach to get all schemes connected

PDP ‘happy with the way connection is going so far’ highlighting importance to ‘take time’

Holly Roach
clock 22 May 2025 • 2 min read
Trustpilot