SUPERANNUATION SCHEMES
GENERAL REGULATION
There shall be two Superannuation Schemes: the Universities Superannuation Scheme as provided in the special regulations for the Scheme and as detailed in the rules of the Scheme, and the Federated Superannuation System for Universities Superannuation Scheme as provided in the special regulations for the Scheme.
SPECIAL REGULATIONS
Universities Superannuation Scheme
1. Subject to the provisions of Rule 5 of the Scheme, the following shall be eligible for membership of the Universities Superannuation Scheme (USS):
- (a)all University officers (other than the holders of particular offices exempt by Statute or officers or classes of officers
specified in Regulation 2) who have been
- (i)elected or appointed to office on or after 1 April 1975, unless as members previously of the Staff of an Institution in the
Federated Superannuation System for Universities they have not elected to transfer to the USS,
- (ii)elected or appointed to office before 1 April 1975 and have elected to transfer to the USS;
- (b)other persons or classes of persons taking part in University teaching, research, or administration who on or after 1 April
1975 have been approved for the purpose by the former Financial Board or by the Finance Committee of the Council, subject
in the case of persons or classes of persons attached to an institution under the supervision of the General Board to a recommendation
from that Board, or who having been so approved before 1 April 1975 have elected to transfer to the USS.
2. The following shall not normally be eligible for membership of the Universities Superannuation Scheme:
- (a)the holder of any particular University office exempt by Statute;
- (b)any person engaged by the Press Syndicate in the service of the University Press;
- (c)any University officer who on appointment to his or her office is, and elects to remain, a member of the National Health Service
Superannuation Scheme;
- (d)any person who on first appointment to a University office was aged 60 years or over;
- (e)the holder of any particular office the stipend of which, in view of the nature and extent of the duties and in view of the
length of tenure of the office, has been determined by Ordinance or by Grace on the recommendation of the competent authority
to be non-pensionable.
3. Contributions to be paid by members of the Scheme shall be deducted from their stipends.
4. The Scheme may be so altered from time to time, without the authority of a Grace, as to keep it in harmony with the Scheme as amended from
time to time by Universities Superannuation Scheme Limited.