The UBC Staff Pension Plan (SPP) Board acts on behalf of the University to administer the Plan and is responsible for determining the asset policy mix for the Plan’s investments. The Pension Board Terms of Reference together with the Governance Policy, Plan Text, Funding Policy, and the Statement of Investment Policies and Procedures govern the activities of the SPP Board.
Pension Board Terms of Reference
The UBC Board of Governors has adopted the comprehensive rules and procedures outlined in the Pension Board Terms of Reference, which the SPP Board follows to manage and administer the SPP. This document also sets out the governance structure for the Plan and summarizes in detail the obligations and duties of the SPP Board, the University Administration, UBC Board of Governors, and affiliated parties in the governance of the SPP.
Governance Policy
In addition to the Pension Board Terms of Reference, the Plan is also administered according to the Governance Policy, which is required under the B.C. Pension Benefits Standards Act (PBSA).
Plan Text
The Plan Text outlines the provisions of the Staff Pension Plan as regulated by the B.C. PBSA and the Income Tax Act.
Statement of Investment Policies and Procedures (SIPP)
The SIPP defines the governance structure for the SPP Fund and formulates investment principles, guidelines and monitoring procedures to manage the assets of the Fund in accordance with the B.C. PBSA. This policy is supplementary to the rules contained in the B.C. PBSA.
Plan Funding Policy
The Plan’s Funding Policy establishes a framework for outlining the Plan funding objectives and the intended method of achieving those objectives.
Funding Policy
Summary of Funding Policy
Communication Strategy
The Communication Strategy provides a summary of the approaches used by the SPP to meet the communication needs of its stakeholders.
