Registered Retirement Savings Plans (RRSPs) are another way to save for retirement. When you contribute to an RRSP, it can help reduce the taxes on your income during your working years. While your money is in an RRSP it is usually tax exempt as long as the funds remain in the plan. In retirement, any […]
At the end of 2023, Barry Gros completed his appointed term as Independent Chair for the UBC SPP Board. Barry was first appointed to the SPP Board in 2015 as a board member, and then in 2016 as Independent Chair. The SPP Board and management would like to extend their warmest thanks and appreciation to […]
The 2023 annual statements for pensioners of the UBC Staff Pension Plan are available online through myPension. If you opted to receive a paper statement as well, it will be mailed in mid-December. Sign in to myPension If you have any questions about your annual statement, please contact the SPP Member Services team. myPension Support […]
UBC Staff Pension Plan pensioners will receive a 3.08% cost-of-living adjustment (COLA) to their pension effective January 1, 2024. This adjustment is based on 70% of the change in the Consumer Price Index. Details regarding how indexing is determined may be read in the 2023 SPP Pensioner Newsletter and on the COLA page. Pensioners who […]
The October 2023 issue of the UBC Staff Pension Plan Update newsletter is now available online. Actuarial Valuation Results SPP Lunch & Learn: Actuarial Results 101 What is the SPP Basic Pension Benefit? 2024 Workshop Dates: Understanding your Staff Pension Plan New Pension Airwaves Podcast Episodes SPP Update Presentation: Recording & Slides New to myPension: Address […]
The UBC Staff Pension Plan continues to be well-funded and sustainable. Every three years, the UBC Staff Pension Plan (the “SPP” or “the Plan”) is required by pension regulation to undergo a financial check-up called an actuarial valuation, which is conducted by the Plan’s actuary. The actuarial valuation is one of the ways that the […]
UBC Staff Pension Plan (SPP) members are invited to attend a short “Lunch & Learn” to learn more about the actuarial valuation results. Bring your lunch and join us online for a 40-minute information session on Thursday, November 30, 2023 at 12 pm. The information session will be presented by Derrick Johnstone, Executive Director, Pensions, […]
We often refer to the concept of a member’s “basic pension benefit” from the UBC Staff Pension Plan (SPP). But, what does that actually mean? When you join the SPP, you are immediately vested in the Plan, which means you are entitled to a pension benefit when you leave the Plan. The amount you will […]
What better way to start the year than to get educated about your pension benefits in a workshop. New 2024 dates have been added to our website. These sessions tend to fill up quickly so we recommend registering early. Register for a Workshop
Is reading newsletters not your favourite thing to do? Listen to the Pension Airwaves Podcast instead! Pension Airwaves is a podcast produced by the UBC Pension Administration Office. Here, we will talk about all things related to the SPP, including pensions in general, retirement considerations, and important Plan information. Short episodes are posted on a […]
