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University 'surplus' because of lower USS contributions not 'fantastic news', says Jo Grady

1 November 2021

has stated that the university has achieved a larger than expected surplus, 'first and foremost' because of lower than expected employer contributions to USS pensions, a development he described as 'fantastic news'.

Âé¶¹¹ÙÍø general secretary Jo Grady wrote to members questioning whether a university's surplus could ever be 'fantastic news' when it comes at the cost of a decent retirement?

She also shared with members that USS has finally made it possible for active scheme members to get a full picture of what their own benefits will look like under the employers' cuts, by as part of their consultation process. Jo said it reinforces the deeply worrying picture provided by our own modeller released back in May.

 

Last updated: 18 November 2021