COVID-19 Update

University of Liverpool Pensions in Payment Review

I hope you and your families are keeping well during these extremely challenging times.

Due to the ongoing situation regarding COVID-19 the Pensions and Payroll Teams are currently working from home and we are therefore not able to produce pension review letters this year, however, we are still hoping to send out payslips.

Please therefore find detailed below pension review information for:

• University of Liverpool Pension Fund (ULPF) pensioners
• University of Liverpool Ex-Gratia pensioners

University of Liverpool Pension Fund (ULPF) Pensioners
I am pleased to advise that we have implemented the statutory pension increases due in accordance with the ULPF Rules*, effective from 1 April 2020.

Although we are not able to produce pension review letters, we are hoping to send out payslips, although it is likely that you will receive your payslip later than usual. I therefore suggest your check your bank or building society account on or after Tuesday 28th April for your revised pension amount (if applicable).

In addition, the ULPF Trustee has agreed to pay a one off taxable payment equal to 1.7% of the
Pre 6 April 1997 annual pension element (in excess of the Guaranteed Minimum Pension) which does not attract a statutory pension increase. This payment will be implemented as soon as it is practically possible on our return to the office and we will write to those who are due the payment at that time.

*This year the rise in the Consumer Price Index amounts to 1.7% and the rise in the Retail Prices Index amounts to 2.4%.

University of Liverpool Ex-Gratia Pensioners
I can advise that the University has agreed to pay a one-off taxable payment equal to 1.7% of your current annual pension. This payment will be implemented as soon as it is practically possible on our return to the office and we will write to advise you of the amount due at that time.

Christine Jones
Pensions Manager
April 2020

Contact

If you require the assistance of the Pensions Team, we would appreciate it if you would raise any requests for information by emailing pensions@liverpool.ac.uk rather than by phone wherever possible.

Due to the ongoing situation regarding COVID-19, the Pensions Team is currently working remotely with limited access to University buildings and facilities.

The Pensions Team provides information, guidance and support to members and prospective members of the pension schemes provided by the University for its employees and workers.

The Team is responsible for providing a full administration service to all members and prospective members of the University of Liverpool Pension Fund (ULPF), the University’s support staff pension scheme, and for providing information and guidance to academic and academic-related staff in respect of the Universities Superannuation Scheme (USS) and the NHS Pension Scheme (NHSPS). The Team also provides general information to prospective members of the National Employment Savings Trust (NEST).

Which pension scheme is for me?

Universities Superannuation Scheme (USS)

The Universities Superannuation Scheme (USS) is a national scheme for eligible employees who are employed in an academic or academic-related roles. Employees who are in receipt of a USS pension are not eligible to rejoin USS.

Find out more about this scheme and the consultation around proposed changes

University of Liverpool Pension Fund (ULPF)

The University of Liverpool Pension Fund (ULPF) is the University’s pension scheme for support staff, which includes eligible employees in clerical, manual or technical roles. Employees who are in receipt of a ULPF pension are not eligible to rejoin ULPF.

Scheme overview

The National Health Service Pension Scheme (NHSPS)

New employees in clinical or clinical-related roles in the Faculty of Health & Life Sciences, who have been a member of the National Health Service Pension Scheme (NHSPS) in the 12 months prior to their appointment, may apply to remain in the NHSPS providing they do so within three months of their appointment.

Scheme overview

National Employment Savings Trust (NEST)

The National Employment Savings Trust (NEST) is the University's pension scheme for casual workers and student workers and for employees who are not eligible to join USS or ULPF.

Scheme overview