Universities Superannuation Scheme – How potential changes could affect you
The Universities Superannuation Scheme (USS) is mainly a defined benefit (or final salary scheme) and one of the largest private pension schemes in the UK. The USS is the main scheme for academic staff in UK universities and other higher education and research institutions. There are over 350 employers, across the country, that actively participate in it.
The USS is also one of the more generous UK schemes to its’ members with employers contributing 18% of salary and members 8% of salary.Read more