The Staff Pension Plan (SPP) Pension Fair takes place on Wednesday, June 21 from 11:30 a.m. to 1:15 p.m. The fair will be held in the Robert H. Lee Alumni Centre [map]. No RSVP is required. This is a great opportunity for members to learn more about their pension plan and Plan benefits. We are also […]
The Staff Pension Plan 2016 Year in Review report is online. The report includes a Message from the Chair and highlights for the Plan, membership and administration statistics, and a review of the Plan’s funds and investment performance. View the 2016 Annual Report.
The Pension Board monitors the financial status of the Staff Pension Plan (the “Plan”) based on information provided every quarter by the Plan’s advisors. Once every three years a more comprehensive review, called an actuarial valuation, must be conducted. The last such review was as at December 31, 2013. The December 31, 2016 actuarial valuation […]
We are pleased to announce that Alan Marchant and Michal Jaworski have been elected as members of the SPP Board in the recent election. Alan has served 16 years on the Pension Board and Michal is a new Board member. Their terms of office are from January 1, 2017 to December 31, 2020. We thank […]
Introducing Michal Jaworski Michal is the newest member to join the SPP Board. We asked Michal about his past experience and what he looks forward to in his new role on the Pension Board. QUESTION: What experience do you bring to the SPP Board? MICHAL: I have spent the past 11 years working as a […]
The 2016 annual governance report was presented to the UBC Board of Governors in April 2017. The Board of Governors was advised that the SPP was compliant with the B.C. Pension Benefits Standards Act and Regulations, and with internal governance policies. A copy of this presentation as well as past reports are available in the Plan […]
On January 1, 2017, SPP retirees received an increase to their pension of 0.7%. This Cost of Living Adjustment (COLA) was 50% of the change in the Consumer Price Index (CPI). What is a COLA? When you retire, you receive a lifetime pension, and the pension may be increased on January 1st of each year […]