This page will present information and links concerning the dispute over the future of USS (Universities Superannuation Scheme) pensions. The latest updates from the local branch committee on the USS pensions dispute are available below, in chronological order with the most recent first. 

But first, some important links and background information.

Summer 2019 – where are we now

We called off our strike last year on the promise of a Joint Expert Panel (JEP) being established to look at how the pension scheme operated. The JEP made seven recommendations, and both the employers and the UCU accepted these recommendations. Once implemented, these would imply a total contribution rate of 26% for both employers and employees, allowing members’ contributions to return to the 8% rate. The USS has refused to implement thee recommendations, and has offered no clear explanation why they will not. When USS tried to imply that the Pensions Regulator used a specific measure of measuring the strength of the Universities’ covenant (their ability to pay long-term), the Regulator publicly refuted this claim. 

The current UCU position is still one of no detriment – our contributions rates should not rise, and our benefits in retirement should not go down. We argue that if further contributions have to be made, then the employers should foot the bill.