USS 2020 Valuation

340 higher education employers, including universities, research institutions and charities, offer the Universities Superannuation Scheme (USS), a pension arrangement which forms a valued part of the remuneration package of many staff in higher education.

USS, along with many other schemes in the UK that provide defined benefits, has in recent years seen the costs of those benefits increase. Changes in the UK and global economy mean that expected returns in the future from the scheme’s investments are lower, meaning that more money is needed to fund the pension promises for future retirees.

The USS Trustee is currently considering how to act on the March 2020 valuation, to secure the best possible outcome for scheme members and employers, while meeting the regulatory demands of the government Pensions Regulator, so that the scheme can continue to offer sustainable, secure benefits. 

Baby plant

2020 Valuation

People in a group






Panel of people

Joint Expert Panel (JEP)

Person at laptop

News and updates