Changes to the USS pension scheme
Imperial has submitted its response to the UUK consultation with employers on the Joint Expert Panel (JEP) report which was published in September. Access Imperial's response to the UUK consultation [pdf]
UCU will also be considering the findings of the JEP report. UUK and UCU will then feed into the Joint Negotiating Committee (JNC). The JNC is the body that initiates or considers alterations to the USS benefits. It comprises an equal number of UUK and UCU representatives along with an independent chair appointed by the JNC.
In parallel, USS consulted its members on proposed changes which would see a phased increase to both member and employer contributions beginning in April 2019. This consultation closed on 2 November 2018. Find out more about the USS consultation