The UUK consultation
The College’s response to the consultation was informed by meetings with Faculty and support staff representatives. It was discussed at Provost’s Board and with the College’s UCU representatives. Access Imperial's response to the UUK consultation [pdf]
UUK launched its consultation with employers on the JEP report on Monday 24 September. The consultation asked employers to respond to three questions about the JEP recommendations and the level of employer contributions:
- Would your institution support the JEP recommendations regarding the 2017 valuation, in overall terms, subject to the acceptance of such a position from the USS Trustee (and TPR as appropriate)?
- What further information would you need to provide a final view for question 1?
- Employers currently pay 18% towards the USS scheme, and the mandate agreed immediately following the Acas discussions was 19.3%. If the recommendations of the JEP were accepted in full by all parties, the outcome would be that existing benefits – minus the employer match of 1% - could be provided at an indicative employer contribution of 20.1% of salary (with a member contribution of 9.1%). Would you accept employer contributions at that level? If not, what balance of additional risk, higher contributions and/or benefit change would you prefer to see as an outcome?