As part of the USS member consultation, this modeller on the consultation website lets members adjust the figures to reflect different levels of inflation, salary increases, investment returns, and retirement age.
This briefing provides guidance on how to interpret the wide range of possible outcomes. The modeller might show a small (say 1%) reduction in benefits overall for those closest to retirement, and around 25% for the member who is farthest away. 'Middle of the road' personas developed for typical scheme members indicate that reductions will be in the 10-18% range, as illustrated by USS.
We encourage all scheme members to consider their own circumstances when using the modeller and to respond to this important consultation.