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An archive of information from the 2017 valuation.

USS is the pension scheme itself. It’s set up under a trust and has rules that set out what benefits and contributions are payable, and how the scheme is to be administered. Universities Superannuation Scheme Limited – that’s us – is the corporate trustee that runs and manages USS under these rules.

Generally, the answer to this is yes, If you’re not sure whether any of the above apply to you, speak to the USS pensions contact at your workplace.

Yes, you still have the option to take early retirement should you wish to. It just means any benefits built up from 6 October 2020 will be subject to a reduction relative to the retirement age of 66 rather than 65.

We don’t charge to transfer other pension savings in to USS. But there are investment management fees that you should to be aware of for pension savings transferred in to your Investment Builder pot.

Following the 2023 valuation, the Joint Negotiating Committee (JNC) recommended to the trustee that from 1 April 2024, eligible members receive a one-off uplift of £215 applied to their benefits.

While there are some who believe that divestment, particularly of fossil fuel companies, is the only answer to achieving Net Zero, we strongly believe that engagement is the most effective way of driving positive change.

Please contact Experian’s Customer Support Centre on 020 8090 3696. They are open Monday to Friday, 8am to 6pm. (Charges for calling 02 numbers are the same as calls made to a standard UK landline.)

Yes, you can cancel your EOO election. However, if you cancel within 12 months of making an election this will invalidate your EOO, you will need to be reinstated as a full member (including back payment of your contributions) with effect from the original election date.