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USS Retirement Question
Comments
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maybe they are updating the commutation rates.
making them even worse
1 -
Actually I was wrong here - the commutation was from RIB cash to pension - not IB.Tarama said:
PJM-62 thanks for sharing - I receivedPJM_62 said:
RIB > Pension 50.17swindiff said:Just out of interest what was the conversion rate. I noticed the rate for converting investment builder to annual pension was close to 40 the last time I checked.
IB > 46.72
no great
a retirement quote from USS a few months ago and discussed it with my Uni pensions department. The IB commutation factor I was given was IB - Pension - 38.1413. So is this now changing monthly?
i think anyone nearing retirement with USS at present needs to be very vigilant. As a previous poster said these changes are not advertised - and the trustees can make these changes without any consultation.
Tarama0
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