BREAKING: The #USS trustee board today agreed to proceed with controversial #pension cuts for tens of thousands of #university sector members, effective from April 2022.
#USS said: “The Valuation was signed off in September 2021. At the meeting today, the Trustee board agreed to the deed giving effect to the changes to the member benefits from April 2022 in the form recommended by the Joint Negotiating Committee.”
The USS trustee approved the #pension cuts today as a High Court judge in London gave the go-ahead for a legal challenge to the 2020 #USS valuation.
"The Trustee’s view remains that this claim is without merit," said USS, adding it had not yet puts its case to the Court yet.
"The Trustee’s view remains that this claim is without merit," said USS, adding it had not yet puts its case to the Court yet.
Asked if the High Court action was a legal impediment to the valuation being completed, #USS said: “At this stage, the claim provides no legal impediment to the coming into effect of the valuation.”
Clarifying that the #USS trustee board meeting was scheduled today. It was a co-incidence that a hearing was taking place at the same time in the London High Court, which allowed a legal challenge to the #USS 2020 valuation to move to the next stage.
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