Members will start receiving their November 2017 issue of the Staff Pension Plan Update newsletter this week by email or mail. In this issue of the SPP Update: Actuarial Valuation Results Increase in employer contributions Five key features of the SPP Test your pension knowledge Important Dates Power of Attorney Information myPension access after UBC Read the newsletter […]
In the May 2017 SPP Update newsletter, we advised that the actuarial valuation was underway for the UBC Staff Pension Plan (SPP) with four main purposes: Evaluate the present financial status of the SPP; Assess the ability of the SPP to pay pension benefits over the long term; Comply with regulatory requirements for actuarial valuations […]
In September 2017, the UBC Board of Governors approved an increase in the employer contribution to the SPP. The increase will be implemented in two stages – the first increase occurred on October 1, 2017 and the second increase will occur on October 1, 2018. The past, current and new contribution rates are shown below. […]
We often hear from members that they are not sure where to start when it comes to learning more about their pension benefits. Pension plans can be complex and challenging to understand. Our website, newsletters, brochures, and workshops are excellent resources to help you learn more about your pension benefits and how the pension plan […]
2017 Retiree Statements Pensioners will receive their annual retiree statement in December 2017, which includes their Cost of Living Adjustment information. 2017 Annual Statements (for Active and Deferred Members) Active and Deferred members will receive their annual statement as at December 31, 2017 in May 2018. 2018 Pension Fair The Pension Fair will be held […]
A power of attorney is a legal document you sign when you want to give someone you trust the authority to manage your money and property on your behalf. You are not required to appoint a power of attorney. However it is a good idea to have a power of attorney or enduring power of […]
When you leave UBC you will still have access to myPension using the same Campus Wide Login that you had while working at UBC. myPension gives you access to your pension information online such as your personal pension and beneficiary information as well as the ability to update your communication preferences. For more information about […]
