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Pensions

 

Welcome to Pensions

 

Welcome to the Pensions Website for the University of Cambridge. The University and its associated employers offer access to a number of tax-efficient pension arrangements for all staff. Your type of contract will decide which of the schemes you are eligible to join; our own scheme for Support staff and the College staff scheme are administered in-house, whilst the USS and NHS are administered centrally – with the University Pensions Office as your point of contact.

 

Cambridge University Assistants Contributory Pension Scheme (CPS)

Cambridge Colleges Federated Pension Scheme (CCFPS)

National Health Service Pension Scheme (NHSPS)

Universities Superannuation Scheme (USS)

 

Cambridge University Assistants’ Contributory Pension Scheme  (CUACPS)

Following the nomination process for the active member director of the C U Pension Trustee Limited as no nominations were received Will Smith has been reappointed for a further three years to September 2020.  To learn more about the governance of the CUACPS see http://www.pensions.admin.cam.ac.uk/cps/cps-governance.”

 

USS

You may have seen recent news reports about an increase in the USS deficit. This follows the publication of the USS Annual Report and Accounts for the year ending 31 March 2017. The report was based on the USS annual accounting valuation (FRS102), which gives a snapshot valuation for use in the annual report. However, this has no impact on the actual cash cost of paying down the pension scheme deficit, which is reviewed at triennial actuarial valuations. The results of the latest triennial valuation of USS are not expected until later this year.

 

The University will continue to engage with the USS employers’ consultation on the triennial valuation. It will continue to be advised by the Pensions Advisory group established by the Pensions Working Group of the Finance Committee for this purpose. 

 

Information on the triennial valuation is available from the USS website at https://www.uss.co.uk/how-uss-is-run/valuation.  Information about the recent accounting valuation can be found here https://www.uss.co.uk/how-uss-is-run/valuation/annual-report-and-accounts-2017-update

 

 

Auto-Enrolment Information

 

My Pension

Whether you have just joined, have been a scheme member for a while, or are taking your pension, this site is your one-stop base to find the answers to your queries and gives you the resources you need.

If you’d prefer to talk to someone, the staff in the Pensions Office will be glad to hear from you – please visit the Contact page to find your Pensions Administrator.

 

 

Pensions Administration

Greenwich House

Madingley Rise

Madingley Road

Cambridge, CB3 0TX