期刊名称：Dundee Discussion Papers in Economics / Department of Economic Studies, University of Dundee
印刷版ISSN：1473-236X
出版年度：2011
卷号：1
页码：1-32
出版社：Dundee University
摘要：On 1 October 2011 the Universities Superannuation Scheme (USS)
substantially reduced the pension entitlements of its members. The most
onerous of the changes is the cap placed on the indexation of pensions where
in the event of high inflation the cap will quickly lower the real value of the
pension. This paper quantifies the impact of the inflation cap and high
inflation on the real value of the member’s pension and the concomitant
impact on the USS and universities.
