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 […]
An election is underway for two Plan members to join the UBC Staff Pension Plan (SPP) Board for a four-year period from January 1, 2021 to December 31, 2024. Your vote matters! You have input on who will sit on the SPP Board and represent the interests of Plan members. The SPP Board has the responsibility of […]
[Published originally on July 14, 2020] On July 7, 2020, the UBC Staff Pension Plan became a signatory to the Principles for Responsible Investment (PRI) through its investment manager, UBC Investment Management Trust Inc. (UBC IMANT). As a signatory, the SPP confirms its commitment to responsible investing and joins a global community seeking to build […]
Throughout the pandemic the UBC Pension Administration Office and Member Services team is operating on a “business as usual approach.” We have adapted our systems and processes to continue to serve members and keep our staff safe. We are offering: Virtual pension workshops that you can attend to learn about the Staff Pension Plan. Virtual […]
With the launch of Workday there are some processes that active contributing members of the UBC Staff Pension Plan will now make through Workday. These processes include making changes to your personal information and addresses as well as designating or changing your beneficiary. For Workday support and resources, visit the Integrated Service Centre. Deferred and […]
One of the most important things you can do in planning your estate is ensuring that you have the right beneficiary listed for your Staff Pension Plan benefit. Since the benefit could be substantial, it is important that you consider your decision carefully. You may have designated a beneficiary when you first joined the SPP; […]
In June, we held a couple of information sessions for new members who recently joined the SPP. If you are a new member and missed attending these sessions, we encourage to watch the informative videos below: If you are working remotely on your work computer, we recommend viewing videos on your local computer for better […]
In 2019, enhancements were made to myPension so that you can view your annual member statement online as well as opt out of paper statements. Help us improve your future member statements by taking the following short 5 minute survey. Take the survey now.