Pensions

Information and updates about the Universities Superannuation Scheme

UCU negotiates nationally on behalf of members of USS. However, we do not run any pensions schemes, we do not have any information on individual members’ pension entitlements, and we are unable to provide financial advice.

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 and a ‘defined contribution’ part over that threshold, the scheme must undergo a statutory valuation every three years.

Resources

 

Latest campaign news

HE Special Sector Conference – USS motions to be debated

We as a Branch are fully engaged with this special sector conference which has now been called for 24 Feb.  3 delegates are being sent to represent branch views and vote on the proposed motions below.  We believe that motions 2 to 5 are in broad agreement with the sentiment expressed in branch meetings. Motion 1: Restarting the […]

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Reject the proposed ‘offer’ of up to 20% cuts in USS – Vote NO

The following message has been sent by the minority on the UCU Higher Education Committee who believe the proposed USS deal is completely unacceptable. No justification for cuts Offer only slightly better than Employers’ offer in October Fight to win! We write as representatives of the Left on the Higher Education Committee who are utterly opposed […]

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USS update – action suspended

As you will know UCU’s higher education committee (HEC) met today.  HEC has decided to seek members’ views on new proposals aimed at resolving the current dispute. The proposals do provide some improvement in accrual rates and an increase in the earnings cap but also include proposed increases in members’ contributions. The action which was due to resume on […]

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