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 […]
UBC Staff Pension Plan (SPP) members are invited to attend a short “Lunch & Learn” to learn more about the actuarial valuation results. Bring your lunch and join us online for a 40-minute information session on Thursday, November 30, 2023 at 12 pm. The information session will be presented by Derrick Johnstone, Executive Director, Pensions, […]
We often refer to the concept of a member’s “basic pension benefit” from the UBC Staff Pension Plan (SPP). But, what does that actually mean? When you join the SPP, you are immediately vested in the Plan, which means you are entitled to a pension benefit when you leave the Plan. The amount you will […]
What better way to start the year than to get educated about your pension benefits in a workshop. New 2024 dates have been added to our website. These sessions tend to fill up quickly so we recommend registering early. Register for a Workshop
