USS offers olive branch to employers on future of scheme

USS chief writes to universities over pensions, as union claims scheme is making “veiled threats”

Proposals put forward by Universities UK could be an effective way to make the Universities Superannuation Scheme more sustainable, according to the head of the beleaguered pension scheme.

In April, UUK pitched a “low cost” option for membership of the USS, which would, among other things, reduce the threshold for the defined benefit cut-off from just under £60,000 to £40,000. It would also introduce a 20-year rolling moratorium on employers exiting the scheme without the consent of the USS.