Another UK USS/JEP doc that we think is available here. This note appears to refer to the USS letter of 9 October 2018 (see other release). It 'looks to provide a little more colour to that position' [an approach that would allow some of the fundamental aspects of the 2017 USS valuation to be re-opend], and to remind USS employers of the 'trustee’s role in the valuation process'.
Another UK USS release. We are aware that this letter from USS on issues relating to the USS valuation is referred to, and critically analysed, in Warwick University’s response to the UUK Joint Expert Panel consultation.
Another UK USS Strike related release we have received a PDF document of Imperial College London's response to the UUK JEP report. We believe this might be publicly available elsewhere. File attached.
In another UK USS Strike related release we have received a PDF document of Newcastle University's response to the UUK JEP report. We believe this is publicly available elsewhere. File attached.
In another UK USS Strike related release we have received a web site screenshot and PDF document of the University of Liverpool response to the UUK JEP report. Files attached below.
We have received a document related to the proposed development by University of Liverpool of an Egypt Branch Campus. This is particularly controversial due to the possible involvement of the Egyptian state in the murder of Italian Cambridge PhD student Giulio Regeni. A risk noted in the document, however the project appears to be going ahead.
New document release. This is Universities UK’s response to the USS Technical Provisions Consultation (USS 2017 Actuarial Valuation: A consultation with Universities UK on the proposed assumptions for the scheme’s technical provisions and Statement of Funding Principles, Technical Provisions consultation document). The response was shared with employers by email by UUK on 13 October 2017.
New Release - These slides describe, from the perspective of Brendan Mulkern for Universities UK (UUK), the situation relating to USS just prior to the release of the Joint Expert Panel (JEP) first report. (Even though the date of the slides – 14 September 2018 – is subsequent to the publication of the JEP (13 September 2018).) The slides cover the 'overall position' from the perspective of the employers; the challenges for the coming period; and how the employers establish a collective position (both through formal consultation and informal engagement).
We have received a copy of the template/guidelines used for complaint letters sent by member complainants to USS Ltd regarding underpayments. These letters were largely sent to USS in the first quarter of 2017, and some complainants cced their local MP. What is unusual is that USS CEO Bill Galvin himself responded to this letter, a link to which is here.
Another USS document, Oxford is running a consultation on the changes to the UK academic pensions. It seems that the outcome of the consultation about the contributions paid to the USS pension scheme will be sent to the USS trustees.