FIN131 Pension Scheme Changes

Proposal

This proposal covers the anticipated changes needed to the USS  / SPS Interface aligned to Pension Scheme changes.

Schemes may change impacting on salary forecasting.

If this proposal was required but not approved there would be a significant monthly impact to the pension’s team. In addition to the increased manual input there is the risk of errors resulting from the manual processing of high numbers of staff records.

This is a change to an existing interface imposed by changes in requirements from an external body. This will need to be replaced with any Core Systems implementation.

If changes are required to the data provided to USS and this proposal was not approved there would be a significant monthly impact to the pension’s team. In addition to the increased manual input there is the risk of errors resulting from the manual processing of high numbers of staff records.

External compliance requirement to provide accurate and timely data to one of the University’s staff pension schemes