Governance Policies & Documents

The following are important policies and documents pertaining to the governance of the Staff Pension Plan.


Plan Text

The Plan Text outlines the provisions of the Staff Pension Plan as regulated by the B.C. Pension Benefits Standards Act and the Income Tax Act.


Terms of Reference and Governance Policy

The Terms of Reference and Governance Policy outlines the obligations and duties of the SPP Board, the University Administration, UBC Board and Governors, and affiliated parties in the governance of the Plan. The Governance Policy together with the Plan Text, the Funding Policy, and the Statement of Investment Policies and Procedures for the Plan govern the activities of the SPP Board.


Statement of Investment Policies and Procedures (SIPP)

The SIPP defines the governance structure for the SPP Fund and formulates investment principles, guidelines and monitoring procedures to manage the assets of the Fund in accordance with the B.C. Pension Benefits Standards Act. This Policy is supplementary to the rules contained in the PBSA.


Plan Funding Policy

The Plan’s Funding Policy establishes a framework for outlining the Plan funding objectives and the intended method of achieving those objectives.

Funding Policy
Summary of Funding Policy


Quarterly Reports for UBC Board of Governors

Since late 2011, the SPP Board has been presenting quarterly reports to the UBC Board of Governors. These reports are required to be submitted on a quarterly basis as outlined under the UBC Staff Pension Plan – Pension Board Terms of Reference and Governance Policy. The purpose of these reports is to provide the Committee with an update on key changes to the Plan. The following are quarterly reports which have been presented to the UBC Board of Governors: