2017 November SPP Update

Pension Office Holiday Closure

The UBC Pension Administration Office will be closed from December 25, 2017 to January 1, 2018 inclusive. The office will reopen on January 2, 2018. If you have an urgent pension inquiry during the holiday closure, please leave a message at 604.822.8647. These messages will be monitored daily over the holiday period. Lump sum payments […]

Actuarial Valuation Results

In the May 2017 SPP Update newsletter, we advised that the actuarial valuation was underway for the UBC Staff Pension Plan (SPP) with four main purposes: Evaluate the present financial status of the SPP; Assess the ability of the SPP to pay pension benefits over the long term; Comply with regulatory requirements for actuarial valuations […]

Increase in employer contribution to the Staff Pension Plan

In September 2017, the UBC Board of Governors approved an increase in the employer contribution to the SPP. The increase will be implemented in two stages – the first increase occurred on October 1, 2017 and the second increase will occur on October 1, 2018. The past, current and new contribution rates are shown below. […]

Five key features of the SPP

We often hear from members that they are not sure where to start when it comes to learning more about their pension benefits. Pension plans can be complex and challenging to understand. Our website, newsletters, brochures, and workshops are excellent resources to help you learn more about your pension benefits and how the pension plan […]

Important Dates

2017 Retiree Statements Pensioners will receive their annual retiree statement in December 2017, which includes their Cost of Living Adjustment information. 2017 Annual Statements (for Active and Deferred Members) Active and Deferred members will receive their annual statement as at December 31, 2017 in May 2018. 2018 Pension Fair The Pension Fair will be held […]

Power of Attorney Information

A power of attorney is a legal document you sign when you want to give someone you trust the authority to manage your money and property on your behalf. You are not required to appoint a power of attorney. However it is a good idea to have a power of attorney or enduring power of […]

Did you know you have access to myPension after you leave UBC?

When you leave UBC you will still have access to myPension using the same Campus Wide Login that you had while working at UBC. myPension gives you access to your pension information online such as your personal pension and beneficiary information as well as the ability to update your communication preferences. For more information about […]