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USS Valuation Update – proposed increases to contribution rates

The Universities Superannuation Scheme (USS) has provided further information about cost sharing and proposed increases to member contribution rates, as it completes its annual valuation.

The cost sharing process will, subject to consultation, mean an increase in contributions for everybody who pays into USS. To find out more about these changes and how you will likely be affected please read here.

You can read more about the valuation here. You can also find further background information about recent USS valuation figures, while more details about cost sharing are available here.

We will keep you posted with developments, but if you have any questions or concerns please contact Stuart McLean, Associate Director of Pensions & Benefits.