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Employers offer more support to avoid ‘ruinous’ pension rises


Universities provide commitments in hope of holding USS joint contribution rate at 31.2 per cent

The vice-chancellors’ group Universities UK has backed further measures to help avoid a sharp spike in salary contributions to the troubled Universities Superannuation Scheme.

In a statement on 21 July, UUK, which represents 340 USS employers in pension negotiations, said that 94 per cent of scheme members had agreed to improve support for the USS in a consultation.

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