OSPS Constitution
OSPS provides defined retirement benefits for the support staff (grade 5 and below) of the University of Oxford and many of the Oxford Colleges as well as other associated employers. It is contracted-out of the State Earnings Related Pension Scheme (SERPS).
A list of the employers participating with the University in OSPS is published in the lastest OSPS Annual Report and Accounts for year to 31 March 2012 
(592kb), a printed copy of which is freely available on request from the Pensions Office.
Who runs OSPS?
Eleven Trustees currently manage OSPS.
Four Trustees are elected by direct ballot of all active members (the active members are asked for nominations and an election is held if necessary). These can be four active members, or three active members and one pensioner member.
One pensioner member is elected by direct ballot of all pensioner members (the pensioners are asked for nominations and an election is held if necessary).
Five Trustees are appointed by the Council of the University.
One is the Chairman, appointed by the Vice-Chancellor after consultation with the other ten Trustees.
The day-to-day administration of OSPS is undertaken by the Staff of the Pensions Office, who can be contacted during normal office hours.
Is OSPS permanent?
The University and the associated employers participating in OSPS intend that it should continue indefinitely. However, they reserve the right to discontinue or amend OSPS at any time.
If OSPS were to be terminated, your benefits would be secured out of the Scheme's assets in accordance with the Trust Deed and Rules.
Although the University and the associated employers have not entered into a legal obligation to provide the benefits, they would be required to make good any financial deficiency in OSPS on its termination, in accordance with the terms of the Pension Schemes Act 1993.