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USS valuation and scheme benefit reforms finalised

13 August 2015

The formal valuation of USS as at 31 March 2014 has now been finalised. The valuation takes into account the revised benefit structure agreed by the JNC and the Trustee Board in July 2015 following an employer consultation on benefit reforms.  

A copy of the valuation, an updated recovery plan and the Statement of Funding Principles can be found here.

Further details on the new benefit structure effective from 2016 can be found here.