New USS pension proposals
26 January 2022
Âé¶¹¹ÙÍø today issued a set of new USS pension proposals aimed at averting widespread industrial action across the UK.
In a letter to the chair of the USS Joint Negotiating Committee (JNC), the body which decides how the USS pension scheme is managed, Âé¶¹¹ÙÍø general secretary Jo Grady called for the new proposals to be formally tabled and put to a vote of employer and staff representatives when the committee sits next month. The proposals call on the employers to back:
- a new, sensible evidence-based valuation
- a revised cost-sharing approach for one year with small increases to member and employer contributions to protect benefits
- a limit on future member contributions of no more than 9.8%.
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