Universities Superannuation Scheme

(asked on 18th December 2017) - View Source

Question to the Department for Education:

To ask the Secretary of State for Education, what discussions her Department has had with Universities UK on proposals to close the Universities Superannuation Scheme to future accrual; and what estimate she has made of the financial effect of those proposals on academic staff at UK universities.


This question was answered on 22nd December 2017

Universities are autonomous institutions and they are responsible for their own pension provision. Government has no role in relation to the Universities Superannuation Scheme (USS) beyond regulation as is applied to all workplace pension schemes by The Pensions Regulator.

Neither my Rt hon. Friend the Secretary of State nor the Minister of State for Universities, Science, Research and Innovation has discussed the USS with Universities UK (UUK) or the University and College Union. Officials have sought updates from UUK on the latest developments regarding the USS. These were informal discussions and there were no outcomes.

The department has made no assessment of the impact of the proposed changes to the USS, and believes it would be inappropriate to comment.

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