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By Susanna Rust2021-03-03T15:30:00+00:00 The Universities Superannuation Scheme (USS), the UK’s largest private pension fund by way of assets, has laid out how pension contributions would need to rise sharply if existing benefits are to be maintained, with employers critical of how it is valuing their support. As at 31 March 2020, the fund’s deficit ranges from £14.9bn (€16.7bn) to £17.9bn on a technical provisions basis, although USS notes that future service costs have also risen given that expectations of future investment returns are now lower than assumed in the past. The overall contribution rate currently stands at 30.7% of payroll and is already due to rise to 34.7% under the 2018 valuation.

United kingdomJo gradyBill galvinDame kateDame kate barkerExpert panelUniversity college unionUniversities superannuation schemeJoint negotiating committeeJoint expert panelPensions regulatorஒன்றுபட்டது கிஂக்டம்ஜோ கிரேடிர சி து கால்வின்டேம் கேட்டேம் கேட் பர்கர்