From 1 April 2016, the benefits provided by the Universities Superannuation Scheme (USS) are changing, as are the contribution levels payable by employers and members.
The USS聽would now like to announce the launch of , a dedicated source of information, designed to guide both members and employers through the聽changes.
These聽include, from 1 April 2016 and聽the end of final salary accrual, the introduction of career revalued benefits (CRB) for all members (on salary up to a threshold), and the new defined contribution (DC) section of the scheme, which may be new to many of you.
The site contains detailed information about the changes including key dates, frequently asked questions and a聽glossary to help you understand the new section of the scheme and the new investment options and retirement choices which shall become available to you when the new pension benefit arrangements are fully implemented.
The content within the site also聽includes important downloadable factsheets for members of the final salary section.聽 The factsheets give information on how new elections for will be treated until 1 April 2016.
If you have any questions regarding the site, please contact USS Communications or, for specific matters relating to your own pension arrangements, please contact pensions@soton.ac.uk .