For Staff

Pensions

The Universities Superannuation Scheme is - and will remain - one of the best contributory schemes in the UK. As the UCU accepts, changes to the scheme are required to protect the scheme and safeguard the pensions of its members now and into the future.

Two major issues of concern arose in the consultation with all USS members about the proposed changes. The same two issues were highlighted by the UCU in its own survey. Both these issues have now been addressed by the USS board, which has agreed to:

• Raise the proposed annual cap on annual inflation increases from 5% to 10%
• Increase from 6 months to two years any break in employment while retaining membership of the final salary scheme.

See Pensions for further information.