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From its inception, USS was the main pension scheme for UK academics and senior administrative staff of universities and similar higher-education or research institutions. [5] This predominance was lessened, however, when the Further and Higher Education Act 1992 created numerous ' new universities ', whose employees (old and new) remained in ...
The Universities Superannuation Scheme was created in 1974 to provide sector-wide pensions for UK university staff (focusing on academic staff). [19] Its terms changed little until 2011, when major reforms were implemented, followed by further changes in 2014–15.
The issue of pensions brought the idea of professional unity to the fore. The pension scheme for lecturers was to be left out of the new Teachers pension fund formed by the Teachers' (Superannuation) Act 1918. As pension funds affect staff at levels of their career this created pressure the Association to be one which included professors as well.
From the outside, it might look like another case of a pension black hole problem hitting another UK institution. Not so. Skip to main content. 24/7 Help. For premium support please call: 800-290 ...
More staff could be priced out of their pension scheme amid changes being put forward by the Universities Superannuation Scheme, sector leaders warn. Universities could face threat of strikes over ...
The University and College Union said the action is a ‘damning indictment’ of management. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290 ...
McGaughey and Davies v Universities Superannuation Scheme Ltd and Directors [2023] EWCA Civ 873 is a UK company law, climate litigation, and pension law case, seeking permission for a derivative claim to enforce duties of the directors of the UK university pension fund, USS Ltd. The case was first to sue for directors of a major UK corporation ...
In spring 2018, the transparency of Universities UK was widely called into question due to its role in negotiations over changes to the USS pension scheme, which led to the 2018 UK higher education strike. By 12 April 2018, 12,000 people had signed a petition demanding that Universities UK be made subject to the Freedom of Information Act 2000 ...