USS Pensions: update
25 April 2019
New FAQs and UCL's response to the latest round of USS pension consultations have been published; meanwhile, pension contributions for USS members will increase from this month.
There have been two recent employer consultations related to the USS pension scheme, which UCL has responded to. For both of these consultations we asked for your comments and input – these submissions were reviewed by the Provost and shared with UCL Council as part of the decision-making process on our institutional response.
Pension contributions for USS members will have risen (from 1 April) as a result of the cost-sharing rule which has been implemented in order to satisfactorily complete the 2017 valuation, as required by the pensions regulator. This will be reflected in payslips from this month. You can find out more information on the HR Pension webpages.
You can see UCL's response to the consultations, as well as an updated set of FAQs reflecting the most recent questions and concerns, on the UCL HR website.
Please contact the pensions team on firstname.lastname@example.org if you have any queries or concerns.