Pensions

Information and updates about the Universities Superannuation Scheme

Looking for our page of resources for the 2017 valuation? Click here!

Background

The USS pension scheme covers all University of Sheffield staff on grade 6 and above. Currently a hybrid scheme consisting of a secure, ‘defined benefit’ arrangement for salaries up to £55,000 and a ‘defined contribution’ part over that threshold, the scheme must undergo a statutory valuation every three years.

Recent valuations have been hugely controversial, and have seen the scheme subject to significant downgrades. You can read more about the valuations of USS at the links below.

Resources