1 April 2019:
USS concluded its 2017 valuation and implemented the first of the phased changes to contributions under Rule 76.4.
Contributions increased under terms of the 2018 valuation: to 21.1% for employers, and 9.6% for employees.
USS concluded the 2018 valuation. The Joint Expert Panel (JEP) considered the valuation process and long-term sustainability of the scheme in the second phase of its work, and published the second JEP report on 13 December 2019.