USS 2020 Valuation: methodology discussion document

18 Mar 2020

This page was updated on 19 May 2020 to include additional documentation

The USS trustee issued a technical discussion document to sponsoring employers on 9 March 2020. Universities UK (UUK) has prepared two additional documents for employers: a UUK paper and an accompanying advice note from the UUK actuarial advisor, Aon.

The two papers developed by UUK and Aon provide some analysis of the points raised by the USS trustee in their methodology and risk appetite discussion document. These papers also outline some of the other component parts which require employer feedback. They explain the UUK perspective on these issues, in order to assist employers as they consider and respond to the USS trustee’s discussion paper.

Below employers can download the USS discussion document, UUK paper, Aon annex and a response form, which employers may wish to use in responding to the questions posed.

Employers should provide their response to pensions@universitiesuk.ac.uk, copying the USS trustee as appropriate.

The closing date for the trustee’s consultation is 5pm, 1 May 2020. This deadline has been extended from the original deadline of 17 April.