UCU higher education members to be congratulated as pension consultation shows a significantly lower contribution rate and total restoration of benefits on track for April 2024

Wednesday, 19 July 2023 13:29

Today, a consultation launched by the USS Trustee shows that the scheme is on track for full restoration of pension benefits by April 2024, which follows cuts that were imposed on staff in April 2022.   Figures included in the consultation demonstrate that not only can pensions cuts - which saw members lose on average 35% from their guaranteed retirement income - be restored, but that the contributions members are required to pay into the scheme can be...Request free trial