University pensions

A joint statement from the University and College Union, and Universities UK (UUK) has confirmed the restoration of benefits available under the USS pension scheme to pre-April 2022 levels by Monday 1 April 2024. This will involve the reversal of the previous 35% cut, and will restore what has been lost. The agreement also paves the way for new contribution rates to be introduced as soon as January. Members were invited to vote on the recovery proposals. UCU general secretary Jo Grady pointed out that, four years ago, members were told it was an impossible task, but 69 days of strike action, years of campaigning, protesting and lobbying “have brought us to this moment”.