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Amendment of the Commuted Value (Lump Sum) option for members age 55 and older effective January 1, 2011

December 8, 2010

The UBC Board of Governors has approved the Pension Board’s recommendation to remove the Commuted Value (lump sum) option for members age 55 and older. This change is effective for members who retire on or after January 1, 2011. Given today’s low interest rate environment, providing the commuted value lump sum option has been a […]