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What makes USS such a great place to work? We asked our colleagues to share their thoughts.

After consideration of the responses received to the consultation with affected employees and their representatives, the USS Trustee and the JNC have not proposed any modifications to the JNC’s proposed package of benefit and contribution changes.

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

The benefits you’ve built up so far in the Retirement Income Builder will always belong to you. And they’ll carry on going up with inflation which means the value is protected.

Russell Picot became a Director of Universities Superannuation Scheme Limited on 1 February 2021. Russell is a former HSBC Group Chief Accounting Officer with deep experience in pensions and broader Environmental, Social and Governance (ESG) knowledge.

Find out how revaluation is applied to your Retirement Income Builder benefits.

The trustee and the scheme’s participating employers work together to support the employer covenant – their current and future collective support for the scheme for the long term.

Employment in the Higher Education sector has evolved, with more mobility amongst academics, but also increases in the number of professional services staff enrolled into the USS pension. This has meant more members leaving with less than two years’ service who until 1 April 2022 had different options available to them compared to those members with more than two years’ service.

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.