University pension benefits on track to be restored 'in full'
25 May 2023
In a new joint statement UUK and UCU confirmed that, pending a successful 2023 valuation and the green light from ordinary scheme members, the accrual rate and salary threshold at which defined benefits build up will both be returned to pre-cut levels.
The statement also confirmed that the pre-April 2022 inflation protection will continue unchanged, rather than being reduced at the next valuation, as originally intended.
Read the full story: Joint statement confirms cuts set to be reversed
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