UBPAS is a final salary scheme and is closed to new members. It provides a comprehensive range of benefits designed to give some financial peace of mind for you and your family. These benefits are subsidized by the University, which pays a substantial contribution towards your pension.
The benefits you receive from UBPAS are in addition to any benefits you may be entitled to receive from the State Social Security system (including the flat rate retirement pension). However, members of UBPAS are contracted out of the Second State Pension Scheme (S2P). You and the University therefore pay a lower contracted out rates of National Insurance contributions.