Published on Thu, 18/01/2024 - 09:08
Please be advised that the changes to the USS rate have been updated to 14.5% with an effective date of 1st January 2024, as per USS guidelines:
For the existing costings, the appropriate staff costing lines have to be re-added, to be re-calculated under the new pension rate. Whilst any new costing lines will use the updated pension rate automatically.