USS Pension Justice: We earned it.

After 69 days total of industrial action following the needless pension cuts which were forced through by our employers two years ago members of the Universities Superannuation Scheme (USS) will see their benefits restored as of Monday 1 April 2024.

The key points of the settlement are that

  • the USS accrual rate be restored from 1/85 back to 1/75
  • the defined benefit threshold will lift from £41k back to over £70k
  • the hard inflation cap of 2.5% has been removed
  • £900m has been set aside for a one-off payment to make good losses which members have already suffered