USS Pension Updates
Why another valuation?
From 1 April 2019, USS member contributions will increase from 8% to 8.8%. Employer contributions will increase from 18% to 19.5%.
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.