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Pensions Information

USS

USS Pension Changes effective from 1 October 2016 - see details on separate page

USS Pension Changes effective from 6 April 2016 – see details on separate page

Revaluation and Reform of USS

USS is a defined benefit scheme, meaning that members' pensions are linked either to their final salary or average earnings over the course of their career. Pensions legislation requires all defined benefit schemes to conduct an actuarial valuation every three years. Information about the 2014 revaluation is available below:

SAUL

With effect from 2011, there are two sections of the SAUL scheme: a final salary section, and a career average earnings section for new members.

Contribution rates for both sections are: Employees: 6% Employers 13%

Further information is available on the Superannuation Arrangements of the University of London (SAUL) website

Reform of SAUL

 

FlexPensions

Most UK universities operate salary sacrifice arrangements for pension contributions. Information about the School's FlexPension arrangements is given below.

For further information about the Pensions Service please visit the Finance Office intranet (staff only)

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