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Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: jade on July 31, 2017, 10:24:31 AM

Title: (MODS pls delete) UK pension dilemma: my workplace scheme has 17.5bn deficit
Post by: jade on July 31, 2017, 10:24:31 AM

Hi all,

I'm looking for thoughts on this. USS (university superannuation scheme) who are my workplace pension provider have been found to have 17.5bn deficit (up 9bn since last year).
See below:

http://www.bbc.co.uk/news/uk-40763577

I joined last sept, so have been a member for less than a year. I've accrued about £5 k + in contributions according to my sums, at 9% of my pay contribution from me, and 19% from the uni.

It's a concern, though the employer contributions are excellent, I wanted to get the feedback of folks here.

Anyone else a member? Any suggestions or thoughts?

Thanks in advance!