The USS Trustee has issued Universities UK with updated Technical Provisions as part of the 2018 valuation.
The Technical Provisions provide the total value of the scheme’s liabilities assessed as at 31 March 2018. Employers are now asked to provide their views on the contribution levels required to fund the cost of future benefits, and for reducing the deficit revealed by the Technical Provisions.
Universities UK, as the employers’ representative and conduit for the consultation, has published a new Q&A document designed to help employers with any queries they may receive. Further explanatory materials will be circulated in due course.
The Technical Provisions document, and accompanying Q&A can be downloaded below.