News

Consultation on proposed changes to OSPS

The University is running a consultation on proposed changes to OSPS. The consultation, which runs from 20 April until 19 June, is intended to collect the views of currently active OSPS members and of other support staff who are not members but who are eligible to join the scheme. Colleges and other associated employers are also consulting their staff.

Details of the proposed changes, together with background information and illustrations, are contained in the OSPS consultation document. Personal copies of this document are being sent to each active OSPS member. The document is also available on the OSPS consultation. 

During late April and in May a series of open meetings will be held at locations around Oxford at which staff will be able to ask questions or comment on the proposals. Details of these meetings will be publicised on the OSPS consultation website and through departments. 

17 April 2012

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OSPS Member tracing

OSPS has engaged Heirtrace Ltd to assist them in confirming or updating contact details for members who have left the scheme. Therefore, if you are contacted by Heirtrace, it would be helpful if you could respond to their letter.

17 February 2012

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OSPS Annual Report and Accounts for the year ended 31 March 2011

The OSPS Annual Report and Accounts for year to 31 March 2011 (14,120kb) has now been published. If you wish to obtain a copy, these will soon be available from the Pensions Office.

20 October 2011

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USS contributions increased from 1 October 2011

The USS member contribution has increased from 6.35% to 7.5% from 1 October. This will result in a change to take-home pay from this month onwards, visible on your October pay slip. More information can be found in Important information for USS members (192kb) or you can visit the USS home page. On this site you can also find a modeller allowing you to assess the impact on your take-home pay following this change.

1 October 2011

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Funding position of OSPS

The last funding valuation of OSPS, as at 31 March 2010, showed that the scheme had a deficit of approximately £82.4 million.  In light of this situation, the University is working with the participating colleges and the scheme's trustees to identify what changes need to be made to OSPS. Once a set of detailed proposals has been drawn up, OSPS members will be sent full details about the proposed changes. For more information, see the OSPS funding position web page.

10 February 2012
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