USS report risks endangering healthy pension scheme

The USS's trustee update on the 2020 valuation said that for the scheme to remain sustainable the combined employer/employee contribution rate will need to rise from the current 30.7% to as much as 56% in a worst case scenario. In response, UCU general secretary Jo Grady pointed to flaws in the valuation of the scheme, which include USS having an overly pessimistic view of the higher education sector and not taking proper account of its growing asset base.

Read the full story: UCU response to USS trustee update