
USS pension scheme
Universities Superannuation Scheme
USS (Universities Superannuation Scheme), was established in 1974 and they are the principal pension scheme for universities and higher education institutions in the UK, the largest private pension scheme in the country in terms of assets.
The USS pension scheme is a Hybrid scheme which consists of two sections.
- The Retirement Income Builder, or the Defined Benefit (DB) section, which gives you a guaranteed income in retirement.
- The Retirement Investment Builder, or the Defined Contribution (DC) section, which gives you a flexible savings pot for your future.
USS is open to employees who are on the Academic/Other Related contracts and as per your terms and conditions of employment, you will be contractually enrolled into the scheme.