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USS has today launched a consultation with Universities UK (UUK) on the trustee’s proposed funding assumptions and methodology for the scheme’s 2023 actuarial valuation and on the Statement of Funding Principles.

Now you're thinking about retiring, it's important to know how the process works and how long it takes. This timeline is for members who are still paying contributions. Once you tell your employer when you want to retire, it usually takes around three months to complete the process. This timeline gives you all the information you need for each step.

Our valuation for 2020 will be based on a 'snapshot' of the Scheme on 31 March 2020. However, the process itself will run well into 2021. By law, we must complete it within 15 months - so by 30 June 2021. There are a number of milestones we need to reach on the way, set out in this timeline.

Essential details of how the scheme works and what it means to be a member

Your dedicated resource page for everything included in your statement

If you’re early on in your pension saving journey, find out about the pension increase and what it means for your pension savings.

An archive of information from the 2017 valuation.

Find out what you can do with any DC savings you have with USS.