VC: Thanks for all your hard work – We’re taking your pension away!

Employers – including our own – have simply decided that, in order to avoid having to pay higher contributions or commit to providing stronger levels of covenant support to the scheme, they would rather betray us and make us poorer in retirement. And not a little bit poorer: the average USS member stands to lose 35% of their take-home retirement income (over £100,000 assuming 15 years in retirement).
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