Tag Archives: UCU
USS valuation methodology changes agreed – with more to do
Jo Grady, General Secretary of the The University and College Union (UCU) has this to say of recent developments at USS Since 2023, UCU has been engaged with Universities Superannuation Scheme (USS) and the Universities and Colleges Employers Association (UCEA) … Continue reading
Do Pension Schemes need to do more on Complicity?
An article by Dooley Harte ,Pension Official , University & College Union The genocide in Gaza, the war in Ukraine and many other conflicts around the world can leave us feeling helpless as we watch humanity tear itself apart with … Continue reading
Can USS DB pension benefits decrease by paying more?
Surely not, but… astonishingly: yes. This is because when USS scheme members cease service on any day other than 31 March, USS applies an unusual and little-known mechanism of revaluation. Instead of granting revaluation in line with the “USS standard … Continue reading
A statement from the University and College Union;- “conditional indexation at USS”
By email Henry Tapper 30 June 2026 Conditional Indexation at USS – A response to your Blog 26 June 2025 I write as one of the University & College Union members of the USS Stability Working … Continue reading
USS pension dispute is over.
I am very pleased to hear that the 5 year long pensions dispute between the UCU Union and UUK over the funding and benefits arising from the USS pension scheme is over. It’s over because all sides have agreed that … Continue reading
Benefits restored as USS moves towards partial CDC.
BREAKING: 2022 cuts to pensions for thousands of university sector workers are to be reversed under an agreement between unions and the university sector.https://t.co/GXnAmgOF0T — Josephine Cumbo (@JosephineCumbo) October 5, 2023 This is great news for members of the USS … Continue reading
Little cause for celebration from USS valuation
USS – no time for complacency The headlines are good. USS is wearing a surplus of over £7bn rather than a deficit of £14bn, it is proposing a contribution schedule that makes pensions affordable to employers and (if the 65/35 … Continue reading
Benefits will be restored at USS but will common sense?
UCU members in their tens of thousands have voted overwhelmingly to move forward with pension proposals agreed with employers which will pave the way for the restoration of benefits. When we launched our pensions dispute, university vice chancellors doubted us, … Continue reading
Posted in pensions
Tagged Common sense, Con Keating, DB pensions, Jo Grady, Pensions, trust, UCU, USS, UUK
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USS disclosure- in need of a “deus ex machina”.
Reading the latest acrimonious exchanges between the University Employers and the staff union UCU is a depressing business. UUK, who say they are taking their lead from the USS pension scheme stand accused of underestimating the scale of the … Continue reading
Woon Wong’s letter to TPR on USS’ deficit
At a recent pension conference, Woon Wong mentioned a letter sent to David Fairs which would be posted on my blog. This is the letter and I am proud to openly publish it. At the conference were a number of … Continue reading