USS DB Transfers

JoeCrystal

NedS wrote: »

I left the USS scheme when I was 35 and feel that with only CPI inflation protection over a 30 year period, my pot's value has been substantially eroded during deferment. I am pretty sure I could have beaten an average 2.5% return over 30 years yet I have been refused the opportunity to substantially grow my investment.

Wait; what? The whole point behind paying into a pension scheme was to provide yourself with a pension when you retire. I would argue that the value of your deferred benefits have grown over time as it is incredibly costly to fund such schemes.

Aminatidi pointed out that the combined DB pension from USS was £4,419 per year when he left. To get the same index-linked pension today at, it would cost around £153k.

Just a thought. If I am reading the posts correctly, there was a lot of people who were transferring out of their DB pension scheme in the late eighties and early nineties, which caused some scandal at the time, why you did not transfer out thirty years ago when it was all the rage.

Maybe you should consider yourself lucky that you didn't transfer out at the time.