The Universities Superannuation Scheme (USS) has today published an update report into the 2020 valuation and says pension contributions will need to rise sharply if existing benefits are to be maintained.
USS has emailed all members of the scheme about these latest developments. Later this month, Universities UK (UUK), which represents 140 UK universities, will consult all USS employers on the way forward.
You can find more information here:
As part of our University’s commitment to help you understand the developments in the pension scheme, we鈥檝e invited pensions expert, Brendan Mulkern to run a series of briefing sessions for members and eligible members.
Who is Brendan Mulkern?
Brendan Mulkern was the Head of Policy and External Affairs at USS until 2016 and he has a strong knowledge of USS, its stakeholders and their perspectives. More recently Brendan has been involved in providing pensions consulting support to higher education bodies. Brendan has presented to members and eligible members of USS at the University of Southampton in the past. He brings a fair and balanced presentation of the facts the latest developments.
More about the USS presentations
Brendan will run 8 sessions, each lasting 1 hour and 30 minutes and with time for questions. Each session will be chaired by a different member of the Executive Board.
What will the USS presentations cover?
The sessions will provide an update on matters relating to the USS pension. Attendees will hear about the background to the 2020 valuation, the initial outcomes which the trustee has presented, and the potential solutions which exist for the stakeholders in responding to some of the challenges which might need to be faced. The presentation will also explain the next steps.
How can I book a session?
Please choose the session for your faculty/group and click on 鈥楻egister鈥� in the table. The sessions will be held via Teams and the link is in the right-hand column. The Teams’ link will also be sent to those who have registered nearer the event.
| 顿补迟别听 | Time | Group | Chair | Eventbrite link | Teams link |
| 15 Mar | 14:00-15:30 | Faculty of Arts and Humanities | Sarah Pook, Executive Director, Finance & Planning | ||
| 22 Mar | 09.00 – 10.30 | Professional Services | Mark Spearing, Vice-President (Research & Enterprise) | ||
| 23 Mar | 12.30 鈥� 14.00 | Faculty of Medicine | Shaun Williams, Executive Director, Engagement & Advancement | ||
| 24 Mar | 09.00 – 10.30 | International staff | Shaun Williams, Executive Director, Engagement & Advancement | ||
| 25 Mar | 11.00 鈥� 12.30 | Faculty of Engineering & Physical Sciences | Faculty of Engineering & Physical Sciences | ||
| 12聽 Apr | 13.30 鈥� 15.00 | Faculty of Environmental and Life Sciences | Sarah Pook,
Executive Director, Finance & Planning |
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| 14 Apr | 13.30 鈥� 15.00 | Early Career Researchers | Mark Spearing,
Vice-President (Research & Enterprise) |
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| 15 Apr | 14.00 鈥� 15.30 | Faculty of Social Sciences | Anne-Marie Sitton, Executive Director of Human Resources |
You can find further information below:
Previous SUSSED posts on pensions
