Every three years, the Staff Pension Plan is required to undergo a financial checkup called an actuarial valuation. This checkup helps us to assess whether the SPP’s funding is sufficient to support Plan benefits now and in the future, in particular, the level of post-retirement indexing that can be supported. The valuation also enables the […]
During your career, you may have many life events occur. These life events might include adding a child to your family, changing your marital status, going on a leave of absence or parental leave, leaving UBC before retirement, or retiring from UBC. In many instances, you may need to make decisions and take action regarding […]
[Originally published July 19, 2022. Revised November 16, 2022] Orla Cousineau, Executive Director, Pensions retired in August 2022. Orla joined the UBC Pension Administration Office in 2015 and has made many contributions to the UBC Staff Pension Plan (SPP). Orla led all activities related to the administrative operations of the Plan and greatly supported the […]
The Pension Administration Office will be closed for the holidays from December 24, 2022 to January 2, 2023 inclusive. Our office will reopen on Tuesday, January 3, 2023. If you have an urgent pension inquiry during the holiday closure, please leave a message at 604-822-8647. These messages will be monitored over the holiday period. The […]
The Pension Administration Office staff and management will be unavailable from December 25, 2020 to January 1, 2021 inclusive due to our annual office holiday closure. We will return to work on Monday, January 4, 2021 and will be available through email and phone. Our office is currently restricting in-person visits due to COVID-19. If […]
The 2020 issue of The Pensioner is online. Read the newsletter.
As the COVID-19 pandemic continues to unfold, creating uncertainty and challenges for all of us, the Staff Pension Plan (SPP) Board and the Pension Administration Office would like to assure you that your pension plan is in good hands, well managed and in a strong financial position. In the following video, Orla Cousineau, Executive Director, […]
What is an Actuarial Valuation? An actuarial valuation is a financial check-up of the Staff Pension Plan (SPP) performed at least every three years by the SPP’s actuary. The actuary estimates the cost of future SPP benefits by making assumptions about future conditions. The actuary compares these estimated costs (such as current and future pension […]
An election is underway for two Plan members to join the UBC Staff Pension Plan (SPP) Board for a four-year period from January 1, 2021 to December 31, 2024. Your vote matters! You have input on who will sit on the SPP Board and represent the interests of Plan members. The SPP Board has the responsibility of […]
[Published originally on July 14, 2020] On July 7, 2020, the UBC Staff Pension Plan became a signatory to the Principles for Responsible Investment (PRI) through its investment manager, UBC Investment Management Trust Inc. (UBC IMANT). As a signatory, the SPP confirms its commitment to responsible investing and joins a global community seeking to build […]
