USS consultation
To give your response on the proposed changes to USS visit:
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The USS consultation webpages (feedback live from 20 October 2010)
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The Universities Superannuation Scheme ("USS") is the national pension scheme for universities which covers academic and academic-related staff. It is separate from the University of Sussex Pension and Assurance Scheme (USPAS) and the Sussex Group Stakeholder Scheme (SGSS) which are the local pension schemes for clerical, manual, ancillary and technical staff at Sussex.
Introduction
Like all final salary schemes, USS is subject to the same cost pressures as other private sector schemes, and changes are now needed to ensure that it remains sustainable, attractive and affordable.
A package of proposed changes to USS has been put forward by the USS Joint Negotiating Committee, and approved by the USS Trustee Board, subject to a consultation of affected members and of their representatives, in accordance with statutory regulations.
Consultation is now being undertaken by USS employers. The consultation will run from Wednesday 20 October until Wednesday 22 December 2010.
These pages contain information on:
- Consultation packs being issued
- Consultation webpages
- Consultation process
- How to give your response
An information pack is being sent to actives member of USS or those who are eligible to join, USS to provide details of the proposed changes to Universities Superannuation Scheme ("USS").
The pack contains:
- an information to members notice entitled "Consultation on proposals for changes to USS", which sets out the reasons for the proposed changes, details of the proposed changes and how you can provide your response (if any); and
- a letter from the Employers Pension Forum entitled "USS - the need for reform".
Further information can be found on the dedicated consultation website:
- www.ussconsultation.co.uk (live from 20 October 2010)
The website includes:
- a question and answer database;
- an interactive modeller which you can use to assess the impact of the changes;
- a video/animation explaining the changes and the opportunity to provide your response.
A pdf copy of the information to members notice can also be found on this website.
The consultation period will run from Wednesday 20 October 2010 until Wednesday 20 December 2011.
The period for the consultation starts on Wednesday 20 October 2010 and will run until Wednesday 22 December 2010. During the consultation period, USS members and those who are eligible to join USS, together with recognised employee representatives, have the opportunity to consider the proposed changes and provide their responses.
1. Visit https://www.ussconsultation.co.uk/ (feedback live from 20 October)
2. Select the respond icon
Follow the instructions on the website. Your response will be anonymous unless you decide to add your name. Please note that you can provide a response on the proposed changes only once.
Other ways to provide a response:
- Contact your recognised trade union or representative body and express your views, as it will be separately consulted by the University, or
- If you do not have online access you can express your views in writing to the University of Sussex by writing to Human Resources, Sussex House, BN1 9RH, clearly marking your response 'USS Consultation'.
15 October 2010