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If you were a USS member before 2016, you would’ve built your benefits in a different way to how you do now with the Retirement Income Builder and the Investment Builder. And if you left USS and later re-joined, you may have built up a mixture of benefits.

Technical notes and analysis relevant to our role and duties as trustee.

The Schedule of Contributions shows the contributions that employers and members need to pay to fund the promised benefits.

The collective financial strength of all 340 participating employers (‘the covenant’) effectively underwrites the security of the pensions being promised to our members. But, as an open, relatively immature scheme, the strength of the covenant is supported by the ability of employers to fund the scheme on an ongoing basis through regular payroll contributions. That is, the contributions required are affordable, sustainable, and do not have a significant impact on employers’ core functions.

Your pension is a tax-efficient way of saving for the future as we provide a range of options that could help you manage your tax liability.

On 6 October 2020, the USS Normal Pension Age will rise from 65 to 66. This means, if you’re retiring after that date, you’ll need to be 66 before you receive your Retirement Income Builder benefits in full.

USS held its latest Institutions’ Meeting recently, giving the scheme’s sponsoring employers the opportunity to hear about the trustee’s performance and priorities, and to ask questions.

Watch the videos that answer your questions and provide more information on how we’re responding to COVID-19 and on the 2020 valuation.