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USS Trustee confirms full pension benefit restoration on course

29 March 2023

The latest update from USS confirms restoring benefits will cost less than employers and staff are currently paying into the pension scheme, UCU has announced.

UCU and employer body Universities UK (UUK) have agreed to prioritise reversing the cuts that were made last year. This update allays concerns that recent market volatility would impact the strength of the scheme.

It is a welcome indication of stability just days before the formal valuation date of Friday 31 March (2023), which is now expected to confirm benefits can be fully restored, paving the way for employers to do so by April 2024: USS Trustee confirms full pension benefit restoration on course for April 2024

Last updated: 28 June 2023

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