Published on Fri, 19/01/2024 - 11:20
The USS rate has now been changed in X5 from 21.6% to 14.5% with an effective date of 1st January 2024, as per USS guidelines:
For any existing costings in X5, the appropriate staff costing lines will have to be re-added so that they can be re-calculated with the new pension rate. Any new costing lines will use the updated pension rate automatically.
Please be aware that your costs will change due to these new rates.