If you join the University in a role that qualifies for University of Liverpool Pension Fund (ULPF) membership, you will automatically be entered into ULPF. ULPF is a defined benefit pension scheme which means the benefit you receive is worked out using a known formula.
There are two sections of ULPF - the Final Salary Section and the CARE Section.
Final Salary Section
You will be a member of the Final Salary Section if you have been a member of ULPF continuously since before 1 August 2011. The Final Salary Section provides benefits based upon your pensionable service and your pensionable salary/earnings when you leave or retire.
The ULPF - Final Salary Section Booklet for Members provides full details of the Section’s pension benefits.
You will be a member of the CARE Section if you joined ULPF on or after 1 August 2011. The CARE Section provides benefits based upon your pensionable earnings for each year that you are a member of ULPF.
The ULPF - CARE Section Booklet for Members provides full details of the Section’s pension benefits.
The contributions currently payable by a member of the CARE section are 6.5% of earnings. The University currently pays 13.4% of earnings.
On the ULPF Documents page you will find a library of publications including the Scheme booklet and recent newsletters.
For further information about ULPF, contact the Pensions Team.