I’m on a Fixed Term University contract. Can I participate in Salary Exchange?
Yes. If you are a USS member, you can participate in Salary Exchange for the duration of your contract. When you leave the University’s employment, your participation in Salary Exchange will come to an end automatically. If you transfer to another UK university, you will be able to continue your membership of USS. However, whether or not you can take advantage of the NIC savings offered by Salary Exchange will depend on whether your new employer operates a similar scheme. Please be aware that, if you are on a contract of less than two years, it may not be advantageous to you to participate in Salary Exchange. Under the current arrangements, if you leave USS within two years of joining, you can choose between three options: • a deferred pension and lump sum which are payable when you retire, or • a transfer value, if you elect to transfer your pension fund to another pension arrangement, or • a refund of your employee net contributions. However, if you participate in Salary Exchange, yo
