Update: employers' initial views on USS Trustee's three options

21 May 2019

On 9 May 2019 the USS Trustee proposed three options for the completion of the 2018 valuation, following consideration of Universities UK's (UUK) response to the 2018 valuation consultation. 

UUK asked employers to give an indication of their preferred option in advance of 16 May, to inform discussions with both USS and the University and College Union (UCU) at the earliest possible opportunity, before submitting a fuller, formal response by 30 May.

Following analysis of the indicative responses received, UUK has issued the following statement:

“Universities UK (UUK) has received an indicative preference from employers representing a significant number of the active membership to further explore option 3 with the USS Trustee, as a potential route to concluding the 2018 valuation. This interest is subject to full details being provided in relation to the conditions (on rule clarifications and debt monitoring) set out by the Trustee, should these conditions need to be met in order to reach a valuation outcome.

“We look forward to taking these initial views into discussions with the USS Trustee and UCU over the coming weeks, as we seek a jointly agreed solution.”