The Trustee and the scheme’s participating employers work together to support the employer covenant – their current and future collective support for the scheme for the long term.
From 1 October 2021 this is enhanced by the USS debt monitoring framework, which sets out how employers and the Trustee will monitor sector debt and, if necessary, work together to protect the covenant to the scheme.
This page will be home to the framework documents and other related information which employers may find useful - it will be reviewed regularly and kept up to date.
However, if you have any queries, or want to talk to the Trustee about your position or any new borrowing you may be considering, please contact us at debtmonitoring@uss.co.uk.
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Debt monitoring framework - how we will work with you - 2023 update pdf (210kb)
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I-letter I.902 - Debt monitoring framework pdf (109kb)
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Debt monitoring framework 2021 pdf (493kb)
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Debt monitoring framework - how we will work with you pdf (202kb)
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Consideration of covenant support measures in future valuations pdf (169kb)