Last fall, an online lunch and learn was held to help SPP members gain an understanding of actuarial valuations and why they are important to pension plans. Every three years, the SPP is required to undergo a valuation, which serves as a financial checkup. This session covered the results of the Plan’s most recent valuation […]
UBC Staff Pension Plan members are invited to attend an online presentation on Tuesday, June 18 at 11 a.m. to hear the latest news about their pension plan and to ask questions of the management. This update will include a 30-minute presentation by Derrick Johnstone, Executive Director, Pensions, followed by a Q&A period. Registration is […]
Each year, you will receive an annual statement from the UBC Staff Pension Plan. This statement provides key information about your pension benefits, and we encourage you to review it annually. The 2023 Annual Statements for Active and Deferred members will be available in May, and the 2024 Annual Statements for Pensioners will be available […]
The Pension Airwaves podcast covers all things related to the UBC SPP, including pensions in general, retirement considerations, and important Plan information. The following new podcast episodes have been recently added: Episode 18: Meet a SPP Pensioner – Harvey Burian Episode 17: Retirement & Survivor Benefits Program Episode 16: What is an Actuarial Valuation? Listen […]
Make 2024 the year that you get educated about your pension benefits. New 2024 dates have been added to our website. Register for a workshop
If you decide to continue working at age 65 and beyond, you need to decide if you would like to: Continue to make contributions and accrue pensionable service; or Stop making contributions and start your pension immediately or on the first of the month in a later month. For either option, you must start your […]
The Old Age Security (OAS) and the Canada Pension Plan (CPP) are the two federal public pensions in Canada. In addition to your UBC SPP pension and your personal savings, these government-administered pension programs are important sources of retirement income. OAS is a universal program that provides income to Canadians when they reach age 65. […]
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 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 […]