Concluding the 2018 valuation: indicative timeline

25 Jul 2019

05 August 2019

The below timeline includes known dates and milestones related to the conclusion of the 2018 valuation. 

Further dates will be added as they are known. The timeline is subject to change depending on the nature of any decisions taken by the Joint Negotiating Committee.

For further information on the scheme's stakeholders, see 'Who is involved?'. Additional information can also be found in the glossary

  • USS Trustee
  • UUK
  • UCU
  • Statutory/procedural

W/C 19 August 2019

Meeting of the Joint Negotiating Committee; to consider the outcome of the 2018 valuation.
USS Trustee

Late August 2019

Consultation by UUK with employers on the Trustee's proposed recovery plan and schedule of contributions.
UUK

9 September 2019

UCU ballots on pay and pensions planned to open.
UCU

11 September 2019

Meeting of the USS Trustee Board.
USS Trustee

Mid September 2019

Implementation deadline for HEIs. Deadline for USS Trustee to advise employers of contribution rates to apply from 1 October 2019.
USS Trustee

Mid/late September 2019

Members formally advised by USS of contribution rates from 1 October 2019.
Statutory/procedural

1 October 2019

Second contributions increase under Rule 76 (2017 valuation) or contributions required under 2018 valuation.
USS Trustee

30 October 2019

UCU ballots on pay and pensions planned to close.
UCU

1 April 2020

Third and final contributions increase required under the 2017 valuation comes into effect (unless superseded by 2018 valuation).
USS Trustee