The University of British Columbia (UBC), acting through its Board of Governors and senior management, is the sponsor and administrator of the UBC Staff Pension Plan. The University has established a Pension Board to perform administration duties related to the Plan. The primary responsibility of the Pension Board is to represent the interests of all members and recommend Plan policy and procedure improvements to the University, including the Plan’s asset mix. The day-to-day administrative duties are performed by the staff in the UBC Pension Administration Office who work closely with the Pension Board.
What is Governance?
A description of what governance is in relation to the Staff Pension Plan.
Governance Policies & Documents
Access important governance documents such as the Plan Text, Pension Board Terms and Governance Policy, Statement of Investment Policies and Procedures, and the SPP Funding Policy.
Staff Pension Plan Board
The Staff Pension Plan Board consists of eight board members and a non-voting independent chair.
Subcommittees have been formed in order to provide guidance and expertise in various areas of the Plan.
Advisors & Consultants
Several advisors and consultants are employed by the Plan to provide services such as actuarial services, asset consultation, and communications consultation.
The Plan’s assets are invested in a variety of asset classes in accordance with the Plan’s Statement of Policy and Procedures document.
The Plan is required to undergo a triennial financial checkup called an Actuarial Valuation.
Annual Reports & Financial Statements
The UBC Staff Pension Plan’s annual reports and audited financial statements are available online.