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Contributions calculator shows impact of no change to USS

15 Oct 2021

USS and USS Employers publish more information on how changes to the pension scheme will affect different staff


USS Employers have provided a contributions calculator to help USS members see the specific impact – should there be no change in benefits – on their pay from April 2022.

This follows the USS Trustee agreeing to proceed with the employers’ proposals for concluding the 2020 USS valuation, which means substantial increases timetabled for 1 October 2021, and April 2022, are now off the table.

The 2020 valuation is set to be concluded with a total combined rate of 31.2%, which is an increase over the current rate and will mean that members’ contributions will rise to 9.8% and employers’ to 21.4%.

Benefits built up by members to date will remain unchanged.

The USS has also published personas, which show the impact of the proposed benefit changes on members at various salary levels.

These predict that the reduction in annual pension is likely to be between 10% and 18% (or 7%-15% if a full state pension is factored in) at a retirement age of 66.

These examples show the impact of the changes on the total income that each member could get when they retire, along with details of how these benefits are built up. They also show what contributions would look like if the current benefit structure remains the same as now.

USS Employers have also published a summary of the USS personas with more detail and showing the impact on members’ pay if the proposed benefit changes don’t go through.

Our University has also published a focus on pensions, in response to the UCU’s decision to ballot members over pension changes and pay.

Further updates will be published on StaffNet and you will be able have your say on the proposed changes during the employer consultation, planned in early November.

For further information you can read a glossary of terms or visit: