Universities Superannuation Scheme

8 March 2018

Worcester College Oxford did not respond to the employer consultation on the future of the USS pension scheme, since nearly all the trustees of the College are members of the scheme and thus have a conflict of interest. At a meeting of the Governing Body on 7 March 2018 it was resolved that "Worcester College wishes to express its commitment to safeguarding the future of higher education in the UK and has particular concern over the recruitment and retention of young academics of the highest calibre. We therefore welcome the University of Oxford's change of position on the balance of financial risk within the scheme."