The Pension Administration Office staff and management will be unavailable from December 25, 2020 to January 1, 2021 inclusive due to our annual office holiday closure. We will return to work on Monday, January 4, 2021 and will be available through email and phone. Our office is currently restricting in-person visits due to COVID-19. If […]
We are pleased to announce that Lia Cosco and Paul Kwon have been elected as members of the Staff Pension Plan (SPP) Board in the recent election. Both Lia and Paul will be joining the Board for their first terms of office from January 1, 2021 to December 31, 2024. We would like to thank […]
Annual Statements for UBC Staff Pension Plan retirees will be mailed in mid-December. Retirees who have subscribed to electronic statements will receive email notification of when their statement is available for viewing on myPension. Learn more about myPension and login. Subscribing to an electronic annual statement is not only kinder to the environment, but it […]
UBC Staff Pension Plan retirees will receive a 0.50% Cost of Living Adjustment (COLA) to their pension effective January 1, 2021. This adjustment is based on 50% of the increase in the Consumer Price Index in the last year. Details regarding how indexing is determined may be read on the COLA page. Pensioners who retired in […]
Voting closed at 4:00 p.m. on Monday, November 23 for the Staff Pension Plan (SPP) Election for two Pension Board members. Thank you to everyone who took the time to participate in this year’s election. Results will be posted on the SPP website in mid December 2020.
The November 2020 issue of the UBC Staff Pension Plan Update newsletter is now available online. Message from the UBC Staff Pension Plan 2020 Actuarial Valuation: What do they mean for your pension? Vote by Nov 23 in the SPP Board Election Member Services through the COVID-19 Pandemic Workday Process Changes Protect your Estate: Naming a Beneficiary […]
As the COVID-19 pandemic continues to unfold, creating uncertainty and challenges for all of us, the Staff Pension Plan (SPP) Board and the Pension Administration Office would like to assure you that your pension plan is in good hands, well managed and in a strong financial position. In the following video, Orla Cousineau, Executive Director, […]
What is an Actuarial Valuation? An actuarial valuation is a financial check-up of the Staff Pension Plan (SPP) performed at least every three years by the SPP’s actuary. The actuary estimates the cost of future SPP benefits by making assumptions about future conditions. The actuary compares these estimated costs (such as current and future pension […]