PensionChoice: a different way to fund your USS or UMSS pension
21 Mar 2013
If you wish to sign up as a new participant or are already in the scheme and want to withdraw, you must do so by the renewal date on 1 April 2013.
PensionChoice was introduced in June 2009 as a different way of funding benefits in USS and UMSS. Over 95% of eligible members currently participate in PensionChoice.
If you are one of these people and you wish to continue participating in PensionChoice, no action is required.
Renewal date
1 April is the renewal date for PensionChoice – this provides all members of UMSS and USS with the following options:
- to join PensionChoice if you have previously opted out, or,
- to withdraw from PensionChoice and go back to paying contributions.
If you wish to join PensionChoice with effect from 1 April 2013, please complete an Opt in Form; if you wish to opt out of PensionChoice please complete an Opt out Form.
Opt in and Opt out Forms for both UMSS and USS are available on StaffNet at:
All forms should be sent to the Pensions Office in John Owens Building and received by 3 April 2013. Any forms received after these dates cannot be processed and the next opportunity for change will be April 2014.
Opting out during the year
If you experience a lifestyle event as described in the booklet and FAQs, you can choose to opt out of PensionChoice at any time.
New employees
If you have joined the University since the start of 2013, you will be automatically placed in PensionChoice after three months' service, so you need only take any action if you do not wish to participate in PensionChoice.
Any questions?
You can contact us at: