Throughout the pandemic the UBC Pension Administration Office and Member Services team is operating on a “business as usual approach.” We have adapted our systems and processes to continue to serve members and keep our staff safe. We are offering: Virtual pension workshops that you can attend to learn about the Staff Pension Plan. Virtual […]
With the launch of Workday there are some processes that active contributing members of the UBC Staff Pension Plan will now make through Workday. These processes include making changes to your personal information and addresses as well as designating or changing your beneficiary. For Workday support and resources, visit the Integrated Service Centre. Deferred and […]
One of the most important things you can do in planning your estate is ensuring that you have the right beneficiary listed for your Staff Pension Plan benefit. Since the benefit could be substantial, it is important that you consider your decision carefully. You may have designated a beneficiary when you first joined the SPP; […]
In June, we held a couple of information sessions for new members who recently joined the SPP. If you are a new member and missed attending these sessions, we encourage to watch the informative videos below: If you are working remotely on your work computer, we recommend viewing videos on your local computer for better […]
In 2019, enhancements were made to myPension so that you can view your annual member statement online as well as opt out of paper statements. Help us improve your future member statements by taking the following short 5 minute survey. Take the survey now.
For Active and Deferred Members: 2020 Annual Statements Active and Deferred members will receive their annual statement as at December 31, 2020 in May 2021. If you wish to opt out of paper statements, please update your Communications Preference in myPension by March 31, 2021. For Retired Members: 2020 Retiree Statements Pensioners will receive their […]
Retiring is a big event for many people. The decision to retire will be based on your own personal situation – the best time will be unique to you. For example, some things you may consider are your health and financial situation. There are many ways you can plan ahead for retirement from UBC, as […]
The Pension Administration Office offers workshops and seminars to help you learn more about your pension benefits and other retirement related considerations. Whether you are new to UBC, mid-career, or approaching retirement, we have a workshop that applies to you. Visit the Upcoming Pension Workshops page for a list of current workshops being offered. Did […]
In the fall of last year, the UBC Board of Governors approved a change affecting enrolment in the SPP. This change affects staff who are not yet enrolled and does not affect staff who are already members of the SPP. Currently, eligible staff have the option of delaying enrolment in the SPP for up to […]
Every three years, the SPP undergoes a financial checkup, otherwise known as an actuarial valuation. An actuarial valuation is underway and will be completed in 2020. The valuation has four main purposes: Evaluates the present financial status of the SPP; Assesses the ability of the SPP to pay pension benefits over the long term; Determines […]
