USS Trustees approve changes to the scheme

On 28 February 2022 the Trustees of USS approved changes to the pension scheme that came into effect on 1 April 2022.

• The salary threshold for the Retirement Income Builder part of the scheme will reduce from £59,883.65 to £40,000.
• The accrual rate for the Retirement Income Builder will reduce from 1/75^th to 1/85^th.

UCU's negotiating team worked tirelessly to try to prevent these cuts from being made and will continue to defend your pension rights.