Is this course right for me?
Target Audience: University staff who are members of USS or who are eligible to join the scheme.
**This session is now closed to new bookings. A recording will be made available to all staff during week commencing 24 May 2021**
This session will provide staff with an overview of the benefits provided by USS, the most recent valuation of the Scheme by the Trustees and will talk about the consultation that is currently underway between Universities UK (UUK) and all the USS employers.
A pensions expert from our external advisers Mercer will join the Panel with CFO Steven Wallace and Director of HR Gordon Scott to present an overview of the Scheme and the recent developments, with a Q&A session at the end.
The briefing will be run as a Zoom webinar and questions can be submitted during the session via the written Q&A function on Zoom. In addition, we welcome any questions you wish to submit in advance. Please submit advance questions to jacqueline.foy@strath.ac.uk by 14 May 2021. Please note that it may not be appropriate to address questions about specific personal circumstances during this session.
Members of the Scheme will have received an initial joiner letter plus an annual benefits statement but if you are unsure whether you are a member of USS, you can contact pensions@strath.ac.uk.
BACKGROUND:
Earlier in 2021, the USS Trustees announced the outcome of the most recent 2020 valuation. USS, the main national Higher Education Pension Scheme, is required to undertake regular valuations of the Scheme to assess the value of the investments it holds and its ability to meet future pension commitments for members. Following the recent valuation the Trustees have indicated that the Scheme has a substantial deficit and action will need to be taken to address this to ensure its future sustainability.
Universities UK, who represent the Higher Education Employers in matters relating to USS, is now consulting all USS employers, including Strathclyde, on the way forward regarding these issues.
Delivered By: Mercer, hosted by CFO Steven Wallace and Director of HR Gordon Scott