Published on Fri, 19/01/2024 - 11:37
Please be advised that changes to the USS pension rate have been updated in X5, from 21.6% to 14.5% with an effective date of 1st January 2024, as per USS guidelines.
For 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. Whilst any new costing lines will use the updated pension rate automatically.
Please be aware that your costs will change due to these new rates.