New USS pension proposals

In a letter to the chair of the USS Joint Negotiating Committee (JNC), the body which decides how the USS pension scheme is managed, UCU general secretary Jo Grady called for the new proposals to be formally tabled and put to a vote of employer and staff representatives when the committee sits next month. The proposals call on the employers to back:

• a new, sensible evidence-based valuation
• a revised cost-sharing approach for one year with small increases to member and employer contributions to protect benefits
• a limit on future member contributions of no more than 9.8%.

Read the full story on the proposals here.