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Universities Superannuation Scheme

Founded in 1974, the Universities Superannuation Scheme (USS) is the largest private pension scheme in the UK.

USS is a multi-employer defined benefit scheme, open to employers in the HE sector only; the vast majority of UK HEIs participate in the scheme, as do sector bodies such as Universities UK and UCEA.

A full list of participating bodies can be found on the USS website.

The numbers of individual members varies from HEI to HEI, though the bulk of members are academic and academic related staff in the pre-92 universities.

The USS is administered from its head office in Liverpool and its board of twelve directors currently consists of:

  • Four directors appointed by Universities UK (UUK)
  • Three directors appointed by the UCU of whom at least one must be a USS pensioner member.
  • Five Independent directors, appointed by the board.

Contact details for the USS can be found here.