COLA

2017 Cost of Living Adjustment

May 17, 2017

On January 1, 2017, SPP retirees received an increase to their pension of 0.7%. This Cost of Living Adjustment (COLA) was 50% of the change in the Consumer Price Index (CPI). What is a COLA? When you retire, you receive a lifetime pension, and the pension may be increased on January 1st of each year […]

Pensioners – COLA (Cost of Living Adjustment)

December 15, 2016

UBC Staff Pension Plan retirees will receive a 0.7% Cost of Living Adjustment (COLA) to their pension effective January 1, 2017. This adjustment is based on 50% of the increase in the Consumer Price Index in the last year. Details regarding how indexing is determined may be read on the COLA page. Pensioners who retired in 2016 will receive a […]