You asked for a very simple explanation of how our pension schemes work.
Universities Superannuation Scheme (USS)
We have run a few back-to-basic webinar sessions dealing with many elements of the USS scheme. The Q&As from those sessions are available to view on the University’s USS Hub in the Ask a Question section.
You can also send your own pension query over to the University’s USS Working Group – details are available on the USS Hub.
The USS site also has a lot of useful information and explanatory videos. Make sure you register for My USS to access all of the resources.
Oxford Staff Pension Scheme (OSPS)
Please visit the OSPS homepage which provides useful links to details about the scheme.
Members who joined the scheme before 1 October 2017 have benefits in the Defined Benefit section.
Newer members join the investment-based section of the scheme called Investment Builder, which is largely administered by Legal and General.
Please contact the Pensions team if you have any queries osps@admin.ox.ac.uk.