USS pension changes
Introduction
The USS Trustee Board finalised its 2020 scheme valuation report in March 2021, which included some challenging proposals in response to concerns around the future affordability of the scheme, and started the process of seeking agreement with the Joint Negotiating Committee (JNC) comprising Universities UK (for employers) and the University & College Union (for individual scheme members) on a way forward.
On 31 August 2021, the JNC recommended changes to the scheme’s benefit structure and contribution rates to address the funding challenges in the scheme.
In November 2021, a 60-day consultation period opened with affected members of the scheme on the JNC’s recommended changes to the scheme. These changes, with one modification, will be implemented on 1 April 2022.
On these pages you will find information about what this means for staff at Kent, and our position in the national negotiation.
You can find more information on the valuation and all of the background information on the USS website and the USS Employers website.
Highlighted links
Current situation
What the latest proposals include and what this would mean for staff at Kent
University position
How we contribute to the national negotiation via Universities UK
Who does what
A reminder of the main parties involved in agreeing the latest valuation
Background
More information on the recent history of USS negotiations
Local consultation process
Details of the consultation process here at Kent
National negotiations
Updates of national correspondence between the two key bodies, along with updates from USS