JEP Report Published

Glad to see that the Joint Expert Panel established to consider the 2017 valuation and look at robust methodologies for future valuation has published its first report.

USS pension members will have seen briefings from the trustees proposing an increase to 36.6% joint employer/employee contribution in order to maintain benefits at current levels.

The JEP review indicates that a more realistic valuation of the scheme suggests a 29.2% joint contribution.

For more details please see the UCU General Secretary’s briefing where you can read the Chair’s launch statement and find a link to the full report.

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