USS: JEP issues further call for evidence
The Joint Expert Panel (JEP) has issued a second call for evidence as part of the second phase of its work.
The panel is currently considering how the long-term sustainability of the USS pension scheme can be secured, including:
- developing an approach to future valuations that is clear (and clearly understood by stakeholders) and which can deliver both a sustainable scheme and a shared set of principles;
- an exploration of different paths to the valuation of technical provisions and other aspects of the valuation methodology, including Test 1;
- considering questions of risk sharing, including adopting a different approach to contributions (which could, in turn address issues of intergenerational fairness and equality); examining further the question of mutuality and the question of employer appetite for risk; and the potential for risk sharing.
Visit the USS Employers website for more information about the call for evidence and how to submit it.
Responses are invited until 14 June 2019.