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 a more sustainable financial system. The […]
The Staff Pension Plan 2019 Annual Report is online. The report includes a Message from the Chair and Executive Director, membership statistics, Plan and financial statistics, a review of the Plan’s funds and investment performance, and information about how to access your pension information online. View the 2019 Annual Report.
The 2019 Annual Statements for Active and Deferred members of the UBC Staff Pension Plan will be available online on May 25, 2020 through myPension. For members who have elected a paper statement, you will receive a paper statement; however, due to the COVID-19 pandemic there will be a slight delay in the mailing of […]
As the coronavirus (COVID-19) pandemic continues to unfold, creating many challenges for our families and communities, the UBC Pension Administration Office and Staff Pension Plan (SPP) Board would like to assure you that we are committed to continue the smooth operation of your pension plan, and to ensure that monthly pensions are paid on time. […]
The UBC Pension Administration Office is operating through email and phone only. In-person visits are suspended temporarily until further notice. In response to the current COVID-19 situation, the UBC Pension Administration Office is operating through email and phone only. Our staff are available by email as well as checking their voicemails regularly. In-person visits are […]
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 […]
The UBC Pension Administration Office will be closed from December 25, 2019 to January 1, 2020 inclusive. The office will reopen on January 2, 2020. If you have an urgent pension inquiry during the holiday closure, please leave a message at 604-822-8119. These messages will be monitored over the holiday period. Lump sum payments for […]
UBC Staff Pension Plan retirees will receive a 0.95% Cost of Living Adjustment (COLA) to their pension effective January 1, 2020. 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 […]
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. Subscribing to an electronic annual statement is not only kinder to the environment, but it also reduces costs for the pension plan. […]
Last month, the Board of Governors approved changes to enrolment under the UBC Staff Pension Plan (SPP). Currently, eligible staff have the option of delaying their enrolment in the UBC Staff Pension Plan for up to three years. After three years, enrolment becomes mandatory. Under the current rules, approximately 89% of eligible staff choose to […]