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Pensions at 91¾«Æ·ºÚÁϳԹÏ

91¾«Æ·ºÚÁÏ³Ô¹Ï offers three occupational pension schemes, providing a valuable benefit to its staff. All eligible staff members have the option to join one of these schemes, depending on their role and eligibility criteria. Further details on each scheme can be found below

The Universities' Superannuation Scheme (USS)

The USS is a Hybrid automatic enrolment scheme for employees who are on academic or academic-related pay scales (generally grade 7 or above).

The Universities’ Superannuation Scheme (USS) is the principal pension scheme designed exclusively for academic and academic-related staff in UK universities and certain other institutions engaged in higher education and research.

  • Automatic Enrolment: USS is a scheme used for automatic enrolment at 91¾«Æ·ºÚÁϳԹÏ. Under UK law, eligible employees are automatically enrolled into a workplace pension.
  • Dedicated Management: Universities Superannuation Scheme Limited acts as the trustee company, responsible for the scheme's administration and governance.
  • Further Information: Further information can be found on the.

91¾«Æ·ºÚÁÏ³Ô¹Ï Pension & Assurance Scheme (BUPAS)

The 91¾«Æ·ºÚÁÏ³Ô¹Ï Pension & Assurance Scheme (BUPAS) is the Defined Benefit (DB) pension scheme specifically for all support and ancillary staff (Grades 1 to 6). 

  • Exclusive to 91¾«Æ·ºÚÁϳԹÏ: This scheme is specific to 91¾«Æ·ºÚÁÏ³Ô¹Ï employees.

  • Governance: The scheme is managed by a board of eight trustees, with equal representation from the University (employer appointed) and scheme members (member nominated).

  • Joining the scheme: Eligible staff members interested in BUPAS must complete an application form. This form is typically provided with your employment contract or can be obtained directly from the Pensions Office (pensions@bangor.ac.uk).
  • Further Information: You can find more detailed information on the BUPAS section of the University's website.

 

91¾«Æ·ºÚÁÏ³Ô¹Ï Pension Plan (BUPP)

The 91¾«Æ·ºÚÁÏ³Ô¹Ï Pension Plan (BUPP) is a Defined Contribution (DC) automatic enrolment scheme for all support and ancillary staff (Grades 1 to 6). BUPP operates as a Master Trust scheme, with Standard Life as the scheme provider. 

  • Automatic Enrolment: BUPP is the scheme used for automatic enrolment at 91¾«Æ·ºÚÁϳԹÏ. Under UK law, eligible employees are automatically enrolled into a workplace pension.

  • Joining the Scheme: If you meet the UK's automatic enrolment criteria (typically aged 22 to State Pension age and earning above a certain threshold), you'll be automatically enrolled into BUPP without needing to complete an application form. 
  • Further Information: More detailed information about BUPP can be found on the Standard Life website -

 

National Employment Savings Trust (NEST)

The National Employment Savings Trust (NEST) is a national scheme primarily offered by the University to all casual workers. The term 'casual worker' refers to anybody who may work for short periods on an ad-hoc basis on behalf of the University. This is usually for one-offs or certain events and does not include regular contracted staff.

  • Automatic Enrolment for Casual Staff: NEST serves as the automatic enrolment scheme for eligible casual staff members. Employers in the UK are legally required to automatically enrol eligible workers into a workplace pension.
  • Joining the Scheme: If you meet the UK's automatic enrolment criteria (typically aged 22 to State Pension age and earning above a certain threshold), you'll be automatically enrolled into the NEST scheme without needing to complete an application form.
  • Further Information: You can find further information about NEST on their official .

 

Details of our Automatic Enrolment Procedure can be found on the following link:

Pensions Auto-enrolment | 91¾«Æ·ºÚÁϳԹÏ

 

We encourage all staff members to review the details of the pension schemes relevant to their employment to make informed decisions about their financial future. If you have any questions, please contact the Pensions Office (pensions@bangor.ac.uk)