News & Events

Actuarial Valuation Results and January 1, 2012 Plan Changes

November 21, 2011

This page provides additional information on the Actuarial Valuation Results as at December 31, 2010 and January 1, 2012 Plan changes as reported in the November 2011 and February 2012 issues of the UBC Staff Pension Plan Update. Below is a breakdown of questions by topic. Actuarial Valuations Results The UBC Staff Pension Plan undergoes […]

Amendment of the Commuted Value (Lump Sum) option for members age 55 and older effective January 1, 2011

December 8, 2010

The UBC Board of Governors has approved the Pension Board’s recommendation to remove the Commuted Value (lump sum) option for members age 55 and older. This change is effective for members who retire on or after January 1, 2011. Given today’s low interest rate environment, providing the commuted value lump sum option has been a […]