Video: What do proposed ‘covenant protection measures’ mean for USS?

08 October 2021

New covenant protection measures are part of a package of reforms being proposed by Universities UK, on behalf of employers, to the USS pension scheme to ensure it provides a competitive pension while ensuring staff will not see big reductions in take-home pay.

But what are covenant protection measures and what do they mean on the ground for employers? Why are they needed and how do these new proposals help to keep contribution rates at similar levels.

This 5-minute video responds to those questions and outlines why employers have agreed to the new rules and obligations

 

Find out more about the Russell Group’s position on the USS pension.

For more information about the ongoing negotiations and how they will affect your university visit the USS Employers website.