An explanation of how the Joint Negotiating Committee (JNC), Universities UK (UUK) and the University and College Union (UCU) are involved with the USS pension scheme:
The Joint Negotiating Committee (JNC) is a body established under the rules and has a vital role in the running of USS. The trustee establishes the contribution rate required for a particular level of benefits. The JNC is responsible for considering how any change in the rate is to be applied. If the contribution requirement is more than that currently being paid by members and employers, then it is for the JNC to decide how the cost of that increase shall be met – whether by changes to future benefits, future contributions, or a balance of the two.
The JNC is made up of equal numbers of UUK and UCU representatives, with an independent chair appointed by the committee itself.
Universities UK (UUK) is the body which represents employers participating in USS on the Joint Negotiating Committee. For more information about UUK, visit www.universitiesuk.ac.uk.
University and College Union (UCU) is the body that represents members on the Joint Negotiating Committee. For more information about UCU, visit www.ucu.org.uk.