On January 1, 2017, SPP retirees received an increase to their pension of 0.7%. This Cost of Living Adjustment (COLA) was 50% of the change in the Consumer Price Index (CPI). What is a COLA? When you retire, you receive a lifetime pension, and the pension may be increased on January 1st of each year […]
The November 2016 issue of the UBC Staff Pension Plan (SPP) Update newsletter was sent to Plan members this week. The Plan newsletter is now available by email. Learn how you can receive your newsletter by email in the We’ve gone green: Sign up for our electronic newsletter article. In this issue: UBC Staff Pension Plan as a […]
The new Pension Benefits Standards Act of British Columbia (the “PBSA”) came into force on September 30, 2015. The PBSA introduced a new class of pension plan called a Target Benefit Plan. The UBC Staff Pension Plan (SPP) Board and its advisors have worked with the Financial Institutions Commission of British Columbia to review the […]
The UBC SPP is currently holding an election for two Board members to serve on the Pension Board for a four-year period from January 1, 2017 to December 31, 2020. Why your vote matters You have input on who will sit on the SPP Board and represent the interests of Plan members. The SPP Board […]
In October 2016, the federal government introduced legislation to enhance and strengthen the Canada Pension Plan (CPP). Changes to the CPP will 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 and in the UBC SPP Update newsletter. For […]
The UBC Pension Administration Office will be closed from December 24, 2016 to January 2, 2017 inclusive. The office will reopen on January 3, 2017. If you have an urgent pension inquiry during the holiday closure, please leave a message at 604-822-8119. These messages will be monitored daily over the holiday period. Lump sum payments […]
The UBC SPP hosts an annual Pension Fair, where SPP members can meet the Pension Board members and the management and staff of the UBC Pension Administration Office. The event is a great opportunity to learn more about the pension plan, your pension benefits, and other retirement considerations. If you missed this year’s Pension Fair, please […]
We are excited to announce that we have a new website. If you have previously bookmarked our website, please update your bookmark to our new web address at: staff.pensions.ubc.ca. We would greatly appreciate your help to evaluate our new website so that we can continue to make improvements to it. Visit survey.ubc.ca/s/staffpensionwebsite to take the survey.
The UBC SPP Update newsletter is now available in email format. How to Sign Up Active members (contributing to the Plan) Active members will be automatically signed up for the electronic newsletter. It will be emailed to you at your primary work email address. If you do not have a work email address, your primary […]
