USS Update - MyUSS
Posted on 5 August 2016
The benefit statements for members of the USS Final Salary Scheme are being distributed over the next few weeks. For more information please see here
Benefit statements for employees who are members of the Career Average Salary scheme will be provided with statements from December 2016 onwards.
These statements will provide information on benefits accrued to 31 March 2016.
Change to USS
The information seminar recording provides an overview of the changes to USS effective from 1st April 2016.
From 1st October 2016 there are two sections to USS that work alongside one another;
1. USS retirement income builder
- all members will earn benefits in this section.
2. USS investment builder
- the optional section members can join in addition to the retirement income builder (members earning over £55,000 – the salary threshold for 2016/17 - will join automatically).
- the investment builder provides flexibility so that members can enhance retirement savings with a 1% match from the University if the member makes additional contributions of at least 1%.
To register for MyUSS members will require their new membership number; their NI number and an email address. If you have not received your letter with your new membership number please contact email@example.com
Members that have any enquiries regarding the new Investment Builder are advised to contact the USS member service desk Tel: 0333 300 1043.