JEP 2 released- recommends changes to governance
“Our recommendations, which should be considered as a package, are rooted in the belief that the USS is of crucial importance to members, employers and to the health of the higher education sector. We propose significant changes to governance and valuation methodology, each of which may be difficult for individual parties to accept. However, as work on the 2020 valuation commences, employers, unions and the Trustee must urgently come together through a facilitated process to make them work.
“The JEP does not underestimate this task, but we believe that it would be failure for Scheme members, sponsoring employers and the sector if our recommendations are not seriously considered”.
In order to facilitate the implementation of this and the previous JEP findings there needs to be change at USS.