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

As trustee of the scheme, we determine the cost of continuing to offer the current level of benefits. We don’t set contribution rates – the Joint Negotiating Committee is responsible for deciding how to meet any increase in contributions that are needed.

As the trustee, our role is to determine the combined contributions needed to provide the same level of benefits in the future as members are building up now. The Joint Negotiating Committee is responsible for deciding how to meet any overall increase to the required contribution rate, through the design of the scheme’s benefits and its contribution structure.

Private markets already form an important part of our investment portfolio as we believe they can achieve beneficial investment outcomes for our members over the long term.

Watch our videos to find out how changes to contributions and benefits could impact you.

Not yet because it has to be accurate for those members that are retiring in the very near future. But we will update it to reflect the new Normal Pension Age before October.

You’ll find details of your Annual Allowance (AA) on your Annual Member Statement in My USS. If you’ve gone over the standard AA, you’ll also be able to see how much AA you’ve used over the last three years.

We’re unable to calculate any carry forward for you – you can use your Annual Member Statement in My USS to do this.

The benefits you build up in the tax year you left USS will count towards the AA for that year. Any benefits you built up in USS in previous years won’t count.