Timeline for the 2020 valuation
Please note that the dates outlined below are subject to change. We will keep the College community updated as the valuation progresses.
UUK will launch its consultation with employers in April, which will run for seven weeks. This will give UUK the mandate for negotations at the Joint Negotiating Committee (JNC).
The JNC will make a decision on whether changes are needed to contribution rates and/or benefits.
60 day employer consultation with employees.
This is when contributions are scheduled to increase under the 2018 valuation.
USS consultation on Schedule of Contributions/Recovery Plan/Statement of Funding Principles.
December 2021-January 2022
USS will submit the valuation to the Pensions Regulator.
USS consultation on Statement of Investment Principles.
It is still to be confirmed when any changes would be implemented.