Here’s what happens next and what actions you might need to take
Retirement from USS
If you’ve decided to remain as a USS member, you don’t have to do anything right now. Just make sure that we have your correct address and keep us updated of any changes. The easiest and most secure way is by logging in to or registering for My USS.
When you are three to four months from your retirement date, we’ll contact you with a retirement statement which will explain the options available to you. The statement will also include forms for you to complete in order that we can process your retirement.
Transferring to another scheme
If you’re thinking about transferring your pension elsewhere, you should check that the scheme or arrangement you’ve chosen is willing to accept the transfer before you begin the process.
If you would like to transfer the benefits you’ve built up in USS to another HMRC registered scheme, you have until your Normal Pension Age to do so. However, if you’ve been an active member at any time from 1 October 2016, you may have made contributions into the Investment Builder, which is the defined contribution (DC) part of USS. Any savings built up here do not have to be transferred prior to your retirement.
To start the process, please complete and return our transfer out option form, which you can find on our transferring to another scheme page.
Where to get support
We can’t advise you on what choices you should make, but if you aren’t sure what’s best, we recommend you get some professional advice.
Visit the guidance and financial advice page for a range of resources to support you, along with information on sources of free, impartial guidance and how to find a regulated financial adviser.
If you have any queries contact the Member Service Team on 0333 300 1043.
