1. University finances and voluntary severance
New SharePoint sites have been developed to provide information and guidance for staff on the University’s financial position, and the steps we are taking to respond to challenges facing the higher education sector and our University. You will find previous communications on this topic, a summary of our financial position and FAQs which will be updated regularly as more information becomes available. It also includes a link to our Annual Report and Accounts (for the year ending 31 July 2024) which were published earlier this month.
A dedicated SharePoint site on the University’s Voluntary Severance Scheme is also now available, containing guidance, answers to common questions and an estimate calculator so you can see what Voluntary Severance would mean for you financially. Applications for Voluntary Severance must be submitted by 16 February. Outcomes will be confirmed in writing to applicants and their line managers by 18 April. If you have questions that are not covered in the guidance, please speak to your line manager before contacting the HR Helpline.
University of Edinburgh Voluntary Severance Scheme 2025
Annual Report and Accounts | Finance
2. Principal’s New Year message
Earlier this month the Principal marked the start of the new semester with a video highlighting 2024’s many achievements and looking forward to the year ahead. He touched on the financial situation facing the higher education sector and our University and how we will keep staff updated as we address the challenges ahead.
The message also highlights the Staff Survey 2025, which opens next week, providing staff with an opportunity to feedback on how we can continue to make the University a better place to work.
Watch the video:
Principal’s New Year message to staff
3. Change to the Staff Benefits Scheme pension
Following a review, there will be a reduction in contribution rates for the University of Edinburgh Staff Benefits Scheme (SBS) pension.
This change impacts current members of the SBS and colleagues employed on Grades 1-5.
The key change is that the University and trustees of the scheme have agreed, on the basis of the latest scheme valuation, to reduce the contributions that both members and the University pay to provide benefits in retirement. The benefits the SBS provides are not changing, but this reduction in contributions will make the scheme more affordable for all going forward.