Frequently asked questions
What do I pay?
If you are in ERBS, your contribution is 7.5% of your gross pensionable pay and the University currently pays 22.5% contribution for you. If you are in USS, your contribution is 8% of your gross pensionable pay and the University currently pays 18% contribution for you. You will get tax relief on the contributions you pay.
Do I have to join?
Membership in each pension scheme is automatic unless you choose to opt out. If you do not want to join, then you will need to contact the Pay and Benefits Office for a form to opt out, this is best done within the first few weeks of your employment at the University so that no deductions are taken from your pay. However, you can choose to opt out later if you wish.
Can I join at a later date?
If you have decided not to join straight away, or opted out before, you can always ask to join ERBS or USS at a later date. You will be asked to complete a medical questionnaire for the life assurance benefits and a joiner form. For USS you may be asked to pay extra as you joined later, but you will be advised of this at the time.
Can I transfer in benefits from an old scheme?
USS will investigate a transfer of benefits. You will need to complete a form to start the investigation which can be found on the USS members information page.
The option to transfer-in previous benefits from another scheme is not available under ERBS.
Currently in a scheme
Can I pay extra to increase my benefits?
Yes, you can pay what is called Additional Voluntary Contributions (AVC) for both ERBS and USS. You can pay up to an extra 15% of your pay. A quote for AVC payments can be obtained from the Pay and Benefits Office.
What happens if I go part time?
ERBS and USS calculate benefits based on service and salary, so any part time service will be pensionable.
I am going on maternity leave, what happens to my pension?
Please visit the pensions pages on Your pension while you are on leave for more details.
What happens if I leave the University?
Depending on how long you have been in the pension scheme, you will have various choices as to what happens to your benefits. If you have less than two years' membership you can ask for a partial refund of the contributions you have paid into the scheme or leave the benefits in as a frozen pension to collect at normal retirement age. If you choose this option, you could then possibly transfer the benefits to your new employer's scheme, if they have one. If you have more than two years' service the refund option is removed, but you can still choose between a frozen pension or a transfer out to a new scheme.
Can I retire early?
When can I retire?
Normal retirement age for both ERBS and USS is your 65th birthday.