The University and College Union (UCU) and Universities UK (UUK) have released a joint statement agreeing to a range of measures to improve scheme stability and benefits.

UCU and UUK have been building on the work set out in the joint statements issued on 17 February, 15 March and 25 May 2023 to jointly prioritise the improvement of benefits to pre-April 2022 levels, where this can be done in a demonstrably sustainable manner.

The statement, which gives people an update on this work, has been agreed by both UCU and UUK – subject to completion of their own consultation processes, which remain ongoing.

You can read UCU and UUK’s joint statement in full here.

Members of the USS pension scheme can share their views on the current consultation at the USS Consultation website.

Should you have any questions please do not hesitate to contact your HR Business Partner