This is part of the regular series of USS communications to update staff on the progress of the 2020 valuation of the USS pension scheme.
In this update:
- Council approves draft consultation response
- VC and Director of Finance hold staff forum
- A reminder of where to find resources
Council discusses draft consultation response
On Friday 7 May, a meeting of Council took place to consider our position on a consultation by Universities UK (UUK) on the future contributions of both staff and employers to the USS pension scheme and on some wider questions about the nature of the scheme, with a view to forthcoming negotiations.
You can read the full story about the Council discussion on the staff news pages.
VC and Director hold staff forum
Yesterday (Thursday 13 May), the Vice-Chancellor, Adam Tickell, and Director of Finance, Allan Spencer, held an open staff forum on the 2020 valuation of USS. We are holding these and other sessions to ensure staff are informed about the ongoing position – nothing is being asked of colleagues at this stage. Around 90 members of staff attended to hear an update on the University’s position on the valuation and to ask a wide range of questions. Topics included affordability, potential options for benefit reform, governance of the scheme, ongoing discussions and possible routes towards a resolution. Answers to any unanswered questions will be published in the coming days on our USS 2020 valuation web page.
A reminder of where to find resources
We are keeping up-to-date information about the 2020 valuation on our website. This includes links to key documents published by the main parties, as well as recordings of recent webinars.
If you have questions about your individual pension or circumstances, you can contact pensions@sussex.ac.uk.