Every three years, the UBC Staff Pension Plan is required to undergo an actuarial valuation, which is conducted by the Plan’s actuary, Aon Hewitt. An actuarial valuation is essentially a financial check-up for the Plan and helps the Plan determine current and future benefits as well as the level of indexing that the Plan can afford to pay. The valuation enables the Plan to keep regulatory filings up-to-date with pension authorities.
The next actuarial valuation is planned for December 31, 2022. Updates will be posted on the Plan’s website and in the SPP Update newsletter.
Information on past actuarial valuations for the Plan can be found below:
Actuarial Valuation as at December 31, 2019
Actuarial Valuation as at December 31, 2016
Actuarial Valuation as at December 31, 2013
Actuarial Valuation as at December 31, 2010
- Results of the Actuarial Valuation: How they impact your pension
- Preparing for the 2011 Actuarial Valuation