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Staff Pension Plan Update Newsletter – February 2020

February 3, 2020

Members will start receiving their February issue of the Staff Pension Plan Update newsletter this week by email or paper mail. In this issue: Thinking ahead to your retirement Get educated about your pension benefits Enrolment changes in the SPP How is the Staff Pension Plan doing? Pension Board update  Annual statements coming soon View the […]

Thinking ahead to your retirement

February 3, 2020

Retiring is a big event for many people. The decision to retire will be based on your own personal situation – the best time will be unique to you. For example, some things you may consider are your health and financial situation. There are many ways you can plan ahead for retirement from UBC, as […]

Get educated about your pension benefits

February 3, 2020

The Pension Administration Office offers workshops and seminars to help you learn more about your pension benefits and other retirement related considerations. Whether you are new to UBC, mid-career, or approaching retirement, we have a workshop that applies to you. Visit the Upcoming Pension Workshops page for a list of current workshops being offered. Did […]

Enrolment changes in the SPP

February 3, 2020

In the fall of last year, the UBC Board of Governors approved a change affecting enrolment in the SPP. This change affects staff who are not yet enrolled and does not affect staff who are already members of the SPP. Currently, eligible staff have the option of delaying enrolment in the SPP for up to […]

How is the Staff Pension Plan doing?

February 3, 2020

Every three years, the SPP undergoes a financial checkup, otherwise known as an actuarial valuation. An actuarial valuation is underway and will be completed in 2020. The valuation has four main purposes: Evaluates the present financial status of the SPP; Assesses the ability of the SPP to pay pension benefits over the long term; Determines […]

Pension Board update

February 3, 2020

Laura O’Neill has been reappointed by the UBC Board of Governors to another four-year term on the SPP Board from January 1, 2020 to December 31, 2023. Laura was first appointed to the SPP Board in 2016. To learn more about Laura and the other members of the Board, visit the Plan Governance page.

Annual statements coming soon

February 3, 2020

Active and Deferred members will receive their 2019 annual statement in May 2020. If you wish to opt out of paper statements, please sign up through myPension by March 31.