Do you know when you'll retire?

If you retire at age 65, the scheme’s Normal Pension Age, you can take your Retirement Income Builder benefits in full.

Normal Pension Age will rise to age 66 in October 2020, in line with increases to the State Pension age.

The earliest you can retire is age 55 – your pension income will be reduced as it’ll need to be paid for longer.

In some cases you may be able to take unreduced pension from age 60 – check with your employer (or with us if you’re no longer paying into the scheme).

You can continue to contribute to the scheme and retire later. Your pension built up at the scheme’s Normal Pension Age will be increased for each month it’s delayed. You can also choose not to contribute any more.

If you’ve left a USS employer or opted out of the scheme there won’t be an increase to your pension – your benefits will be backdated to the scheme’s Normal Pension Age and paid at once, rather than increased monthly.

Useful Resources:

View your Retirement Income Builder benefits in My USS or view them in your latest Annual Member Statement. Save for later
Read our retirement factsheet. Save for later
Visit our Retirement Income Builder page to see the benefits you get in this part of the scheme. Save for later
Visit our retiring web page for more information Save for later

The scheme’s Normal Pension Age is age 65, which is the normal age of retirement with USS. This’ll increase in line with planned increases to the State Pension age – meaning it’ll be age 66 from October 2020.

In some cases you may be able to take unreduced pension from age 60 – check with your employer (or with us if you’re no longer paying into the scheme).