Update for staff considering early retirement

Members of USS are reminded that on 1 October 2024, the USS Trustee is making some changes to the early retirement reduction factors.

These are the reduction amounts to a pension when a member chooses to retire earlier than their normal pension age.

If you are a USS member and are thinking of taking early retirement in the next few years, you may want to take independent financial advice on whether these changes will affect your decision when to retire.

More details of the changes to the early retirement reduction factors can be found on the USS webpages. Please visit the link below to see what this might mean for you:

USS: calculate your benefits

USS members can direct any questions to https://www.uss.co.uk/contact-us.

 

 

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2024