The valuation report is available to view here.
Over the past few months, Universities UK (UUK) has been undertaking a formal consultation with the university employers in the scheme to seek their views on how they believe the scheme can be made more affordable, inclusive and sustainable for staff. The consultation outlined options for mitigating the scheme's increasing costs, sizeable deficit, and high member opt-out rate.
Details of the proposals are available on the USS Employers website.
To provide staff with further information, two briefing sessions were held earlier this month. Andy Stephens, the Director of Finance, and Vice-Chancellor Professor Bob Allison provided an update on developments, discussed the University’s stance on the UUK proposal, and addressed any questions or concerns that staff had.
In case you were unable to attend, recordings of the sessions are now available to view below (please note you may be asked for your login details in order to access):