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USS pension justice - we demand it

Agreement paves way for full restoration of USS benefits by April

5 October 2023

UUK has agreed to reverse the 35% cut made to the industry's Universities Superannuation Scheme pension and restore what has been lost.

In a joint statement, UUK and UCU agree to full benefit restoration to pre-April 2022 levels by Monday 1 April 2024, which is worth between £15 to £17bn, as well as an additional one-off pension payment of around £900m to help make good the money members have lost since April 2022. The agreement also paves the way for new contribution rates to be introduced as soon as January.

Read the full story here.

Last updated: 5 October 2023