News & Events

Staff Pension Plan 2015 Financial Statements

The Plan’s 2015 Financial Statements are now available.

Proposed Canada Pension Plan Changes

In June 2016, the federal government announced the federal, provincial and territorial governments have reached an agreement in principle to enhance and strengthen the Canada Pension Plan. These changes would take effect starting in January 2019. The UBC Staff Pension Plan Board will review these changes and updates will be posted on the Plan’s website […]

May 2016 SPP Update Newsletter & 2015 Annual Statements

Members will start receiving their May 2016 issue of the Staff Pension Plan Update newsletter this week. Active and Deferred members of the Plan will also receive their annual statement with their newsletter. In this issue of the SPP Update: Join us for the Pension Fair We’re going green: Sign up for our electronic newsletter […]

Staff Pension Plan 2015 Year in Review

We are pleased to provide our members an online report, SPP 2015 Year in Review, which provides a summary and highlights for the Plan in 2015, membership and financial statistics, and a review of the Plan’s investment performance. View the SPP 2015 Year in Review.

Staff Pension Plan Fair – Wednesday, June 8, 2016

The Staff Pension Plan (SPP) Pension Fair takes place on Wednesday, June 8 from 11:30 a.m. to 1:15 p.m. The fair will be held in the Robert H. Lee Alumni Centre [map]. No RSVP is required. This is a great opportunity for members to learn more about their pension plan and Plan benefits. We are […]

New Pension Board Appointments

We are pleased to announce that Barry Gros has been appointed by the UBC Board of Governors to serve as Independent Chair on the Staff Pension Plan (SPP) Board for a two-year term effective February 15, 2016 to December 31, 2017. Mr. Gros was previously a University Appointed member of the SPP Board. Mr. Gros […]

Pensioners – COLA (Cost of Living Adjustment)

UBC Staff Pension Plan retirees will receive a 0.6% Cost of Living Adjustment (COLA) to their pension effective January 1, 2016. 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 in the November 2014 Staff Pension Plan […]

New Plan Custodian – Northern Trust

Effective August 1, 2015, Northern Trust has assumed responsibility of making pension payments to pensioners of the Staff Pension Plan. Pension payments are payable on the first of each month. Northern Trust transferred the pension amounts to each financial institution on July 31, 2015. However, when the first of the month is on a weekend […]

New Executive Director, Pensions

We are pleased to announce that Orla Cousineau is the new Executive Director, Pensions for the UBC Staff and Faculty Pension Plans. Orla is a highly regarded pension professional with over 25 years of experience in the pension industry. Prior to UBC, Orla had a longstanding and distinguished career with Mercer and was a client […]

Plan Change Regarding Retroactive Enrolment

Effective January 1, 2015, retroactive enrolment is no longer an option in the Staff Pension Plan (SPP). This change has no impact on current members. The change does impact employees who are eligible to join the SPP and have elected to defer their enrolment. For these employees, effective January 1, 2015 retroactive enrolment is no […]