If you work past the NPA and then leave your job, you’ll need to start taking your pension right away.
Your benefits are protected against inflation
Even when you stop paying in, your pension and one-off cash lump sum will still increase every April. This is based on increases in official pensions, which currently go up in line with inflation. This is from the date you stop paying in until the date you start taking your pension and is subject to USS standard pension increase limits.
Just so you know, we won’t lower your benefits if inflation is less than zero.
You can find the value of your benefits at your date of leaving in My USS or on your leaver statement. Enter these into the Deferred Pension Increase Modeller to see what they could be when you reach the Normal Pension Age.
If you’ve stopped paying in but you’re still with a USS employer, please speak to them directly.
If you’ve stopped paying in and left your USS employer, but you haven’t started taking your benefits yet, call our Leaver Team on 0151 556 0626.
If you’ve stopped paying in and want to transfer out, call our Transfers Out Team on 0151 556 0626.
If you’ve stopped paying in and now want to start taking your benefits, call our Deferred Retirement Team on 0151 556 0626.
Yes – you can still do this in My USS. But you can’t make any more additional contributions.
You just need to complete and return the Transfer out option form. Once we receive the form, we’ll aim to send you all the information you need within three weeks.
Remember that what you can transfer out depends on whether you’re still paying in to USS, you’ve already stopped, or you’re retired.
Don’t miss out – you can choose to receive our handy member news and updates. These can help with financial wellbeing and general lifestyle plans, so you can make decisions now and in the future. You can do this in My USS by visiting the communication preferences page.
Log in to My USS to complete the Registration of potential dependant form online or download the Registration of potential dependant form to print and return to us. We recommend that you update this at least every three years so we know it’s up to date, even if your wishes haven’t changed.
Log in to My USS to complete the Expression of Wish form online or download the Expression of Wish form to print and return to us. We recommend that you update this at least every three years so we know it’s up to date, even if your wishes haven’t changed.