USS is a hybrid pension scheme, so it has both a defined benefit (DB) section, the Retirement Income Builder, and defined contribution (DC) section, the Investment Builder. Watch the video that explains how they work.
Helpful information so you can make the most of your Annual Member Statement
Your annual statement is an opportunity to check you’re on track with your savings goals and think about any changes you’d like to make. As a flexibly retired member, this statement gives you an opportunity to see the benefits you have accrued since your latest flexible retirement. These figures do not include the benefits you accrued before your flexible retirement.
To view your statement, just log in to My USS – you’ll find it in the my documents section.
If you’re not registered, it only takes a few minutes - you just need your member number and National Insurance number to get started.
If you are planning on retiring fully within the next 12 months, you can request a detailed quotation of the remaining benefits you will be entitled to at retirement.
Watch our short video to help you get to grips your statement.
Video transcript
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Making the most of your Annual Member Statement pdf (76kb)
Some key information
Financial advice and further information
The information included in your Annual Member Statement is given only for the purposes of illustration and doesn’t represent any promise or guarantee as to the amount of benefit that you may receive and should not be relied upon when making any retirement or other financial decisions.
Please contact your employer in the first instance if you need a retirement quote or if you think any personal information in your statement may not be complete or accurate. However, if you have a query on any of the figures referred to in your Annual Member Statement contact us.
We strongly recommend that you speak to a financial adviser before making, or refraining from making, any decision in relation to your USS benefits.
If you want to seek guidance or take financial advice on the options available to you, you can visit our guidance and financial advice page. You’ll find a range of resources to support your planning and you can also find information on how to access an independent financial adviser.
There is a wide range of helpful information on My USS and our website. You can get impartial help and information, backed by the government and free to use from MoneyHelper.
This web page summarises elements of USS. It is not a legal document and does not explain all situations or eventualities. USS is governed by a trust deed and rules and if there is any difference between this publication and the trust deed and rules the latter shall prevail. You are advised to check with your employer contact for the latest information regarding the scheme, and for any changes that may have occurred to its rules and benefits.