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Discount rate for deficit recovery plan liability
12 April 2018 Karen Newcombe, Financial Operations Manager
As we did for last year's reporting, BUFDG has commissioned Mercer to provide an outline methodology for institutions to arrive at a suitable discount rate, that reflects their liability profile, and can be used in the calculation of the USS deficit recovery liability required under FRS102.
This paper sets out the discount rate information based on 28 February 2018 market conditions and this paper provides guidance on using the rates. And again, similarly to last year’s calculations, Mercer will provide an addendum to the paper in the early part of August to take account of market conditions at the end of July 2018.
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12 April 2018 
Karen Newcombe, Financial Operations Manager
