Staff Pension Plan Annual Report 2019
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.
2019 Annual Statements available on May 25 through myPension
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 […]
Message from Orla Cousineau, Executive Director
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. […]
Changes to Pension Office operations effective immediately
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 […]
Staff Pension Plan Update Newsletter – February 2020
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 […]
Pension Administration Office Holiday Closure
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 […]
2020 Cost of Living Adjustment
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 […]
2019 Retiree Annual Statements
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. […]
UBC Staff Pension Plan – Enrolment changes effective April 1, 2020
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 […]
Staff Pension Plan Update Newsletter – May 2019
Members will start receiving their May 2019 issue of the Staff Pension Plan Update newsletter this week by email or paper mail. In this issue: 2019 Staff Pension Plan Fair 2018 Annual Report Election results and Pension Board updates New Pension Board members Go Paperless: Opt out of a paper annual statement Keeping your contact information […]