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Universities Superannuation Scheme

Question for Department for Education

UIN 56658, tabled on 15 October 2021

To ask the Secretary of State for Education, what recent assessment his Department has made of the financial sustainability of the Universities Superannuation Scheme.

Answered on

22 October 2021

The Universities Superannuation Scheme (USS) is a private pension scheme. Higher education providers that offer the USS are responsible for the pension provision offered to their staff. Like other defined benefit schemes, the USS is regulated by The Pensions Regulator.

The Pensions Regulator is currently working with the USS, Universities UK and a range of other stakeholders as they work to find a long-term solution to the funding challenges faced by the USS.