deferred pension

bilbo_2

I was in the a university pension scheme for 18 years untillI left it last april

The main thing I want to know is because I made the pension a deferred pension last april, will it have sufferred thr same losses as someone still in the scheme because of the stock market falls ??

what happens when a pension is deferred ??

Is a deferred pension given a cash value and then yearly rises by the retail price index ?

Thanks

CLAPTON

I thought university pensions were based on salary (i.e. a defined benefit final salary scheme) and so are completely unaffected by the stock market falls.

Andy_L

CLAPTON wrote: »

I thought university pensions were based on salary (i.e. a defined benefit final salary scheme) and so are completely unaffected by the stock market falls.

Spot on.

what happens when a pension is deferred ??

Is a deferred pension given a cash value and then yearly rises by the retail price index ?

When you left your pension will have been calculated on your salary when you left and your years of service ( I think USS is an 1/80ths & 3x lump sum scheme)
It will then increase each year in line with RPI, possibly with a cap, although as it's a public sector scheme probably not.