USS Pension Updates
The JEP has announced the second phase of its work which will begin by reviewing the governance and valuation process of USS.
USS has confirmed final contribution rates required of members and employers under the 2017 valuation.
USS has announced it's preparing to finalise the cost-sharing arrangements and will carry out a new valuation of the scheme’s funding position as at 31 March 2018.
All the consultation responses received from Leeds colleagues will join those from other USS member institutions and be submitted to the USS trustee board later in November for consideration.
You may have seen information which suggests there was an error in the way USS applied its ‘valuation test 1’.