Information and updates about the Universities Superannuation Scheme
UCU negotiates nationally on behalf of members of USS. However, we do not run any pensions schemes, we do not have any information on individual members’ pension entitlements, and we are unable to provide financial advice.
The USS pension scheme covers all University of Sheffield staff on grade 6 and above. Currently a hybrid scheme consisting of a secure, ‘defined benefit’ arrangement and a ‘defined contribution’ part over that threshold, the scheme must undergo a statutory valuation every three years.
A group of leading authorities on statistics, financial mathematics and actuarial science have written to Sir Martin Harris, the chairman of the USS trustees, and members of the board, criticising the assumptions that have been made underpinning the estimation of the deficit, as detailed in the document ‘USS: 2014 Actuarial Valuation: A Consultation on the proposed assumptions…‘ […]
University of Sheffield Student Union have passed a policy supporting the marking boycott and any strike action we decide to take and calling on the University to publicly put forward a view on changes to USS. Motion to SUSU Council: Support the Marking Boycott Council Notes: That the marking boycott called by UCU beginning 6th November […]
Student representatives from students’ unions from across the UK, including national NUS and NUS Scotland officers, have today written to the Independent laying the blame for the current action firmly on university managements and Universities UK. The National Union of Students has also issued a briefing paper which reiterates its standing policy to support industrial action by […]