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.
PLEASE NOTE: SUCU Committee has called off the lobby of Senate today in response to the statement from University management on USS. We welcome the decision to at least have some criticism of some elements of the USS approach, which seems to be in response to our pressure and proposed lobby and support from the Students Union. […]
WHY is this University SILENT about the savage cuts to our pension? Join us at 13.45 outside Firth Court today to ask why this University hasn’t spoken out against the USS cuts – when many other Russell Group Universities have done so: Imperial College has stated: “We are disappointed that you [UUK] appear to be focused […]
Many Russell Group Universities have opposed the pension cuts – why hasn’t Sheffield done likewise? UUK risks recommending a major downgrading of pensions – due to a flawed valuation. THIS MUST BE CHALLENGED. Imperial College and many others have publicly come out against the USS methodology. Please join us outside Firth Court at 13.45 to demand our […]