University leaders make formal commitment to work with UCU on long-term USS pension scheme reform

21 Nov 2019

This page was updated on 4 December to include the original letter

University leaders have written to the University and College Union (UCU) to formally outline their commitment to continuing to work together to deliver long-term reform of USS.

At a media briefing held at Universities UK today, USS employers highlighted areas of common ground which they want UCU to support employers on. These include:

  • reaffirming their commitment to receive positively the recommendations from the Joint Expert Panel’s (JEP’s) second report, and – after seeking views from members and employers – agreeing jointly a set of reform proposals
  • using their collective influence to make the case to the USS Trustee and, if necessary, The Pensions Regulator (TPR) that they be accepted
  • using their collective abilities to persuade the USS Trustee and TPR of the merits of a longer-term view on risk for USS and its sponsoring employers, something which has the potential to ease pressure on contributions

Read the full UUK press release and download the letter below.