Following its analysis of feedback from scheme members on the 'cost sharing' process, the USS Trustee has formally commenced a consultation with employers to conclude the 2017 valuation.
The employer consultation asks for comments on the proposed deficit recovery plan, and a schedule of contributions that confirms the planned increases arising from the USS Trustee’s default cost sharing process.
Universities UK, as the employers’ representative and conduit for the consultation, has also circulated an explanatory note on the specifics of the recovery plan and the schedule of contributions, to assist employers with any comments they may wish to reflect back to the USS Trustee.
All documentation can be downloaded below.
A further consultation on the technical provisions for the 2018 valuation – announced last month by the USS Trustee – is expected to begin with employers in due course.