Pensions

Information for members of staff about Pensions Auto-Enrolment is available at the following link  -  Pension Auto-Enrolment

The University operates five pension schemes for employees as follows:

Universities Superannuation Scheme (USS)

Available to staff in grades 6 to 10.

Link to USS website 

If you are thinking of topping up your pension using the USS Money Purchase AVC, then visit the following website for more information, including video links, modelling tools and a literature library"

•  www.pru.co.uk/uss.

NEW 8th May 2012 : Introduction of Money Purchase AVC early exit charge
 Prudential, the scheme’s AVC provider is introducing an early exit charge when Money Purchase AVC (MPAVC) funds are withdrawn within five years of such contributions having commenced. The charge will only apply to the funds of members who commence MPAVCs on or after 19 August 2012 - it will not apply to those who have commenced MPAVCs before that date. ... Read more...

Defined Contribution Pension Scheme (DCPS)

Commenced 1st August 2003. Available to all staff in grades 1 to 5. 

FriendsLife (formerly Friends Provident) is the provider for this Pension, Life Assurance and Permanent Health Insurance Plan.

The following information guides are available (pdf format)

• Your journey to a brighter future - Welcome to your pension scheme with FriendsLife
• How contributions are invested
• Choosing your own investment funds

For more information visit the FriendsLife website here: Friends Life website

Link to University Guide on the Defined Contribution Pension scheme 

University of Leicester Pension & Assurance Scheme (PAS)

Closed to new members from 31st  July 2003. Remains open to future accrual for existing members

PAS Actuarial Valuation 2010 - The following documents can be downloaded in pdf format:

• Report on the Actuarial Valuation as at 1 August 2010 (October 2011)
• Recovery Plan (18/10/11)

Annual Report and Accounts

• PAS Annual Report and Accounts 31 July 2012
• PAS Annual Report and Accounts 31 July 2011
• PAS Annual Report and Accounts 31 July 2010

Other Documents

• Statement of Funding Principles (18/10/11)
• Statement of Investment Principles (28/06/12)

National Health Pension Scheme (NHSPS)

•  dor employees of the Medical School with academic or academic related status who are already contributing members of the scheme when they join the University.

Link to NHSPS website

Federated Superannuation Systems for Universities (FSSU)

• now a closed scheme but existing members can remain in this scheme.

The University Pensions Office is located in Room 170 on the first floor of the Fielding Johnson Building

If you have any queries regarding pensions please email the University Pensions Manager : Rashida Vora