UBC Staff Pension Plan pensioners will receive a 3.08% cost-of-living adjustment (COLA) to their pension effective January 1, 2024. This adjustment is based on 70% of the change in the Consumer Price Index. Details regarding how indexing is determined may be read in the 2023 SPP Pensioner Newsletter and on the COLA page. Pensioners who […]
The UBC Staff Pension Plan continues to be well-funded and sustainable. Every three years, the UBC Staff Pension Plan (the “SPP” or “the Plan”) is required by pension regulation to undergo a financial check-up called an actuarial valuation, which is conducted by the Plan’s actuary. The actuarial valuation is one of the ways that the […]
UBC Staff Pension Plan pensioners will receive a 3.25% Cost of Living Adjustment (COLA) to their pension effective January 1, 2023. This adjustment is based on 50% of the change in the Consumer Price Index. Details regarding how indexing is determined may be read in the 2022 SPP Pensioner Newsletter and on the COLA page. Pensioners who […]
UBC Staff Pension Plan pensioners will receive a 1.35% Cost of Living Adjustment (COLA) to their pension effective January 1, 2022. This adjustment is based on 50% of the change in the Consumer Price Index. Details regarding how indexing is determined may be read in the 2021 SPP Pensioner Newsletter and on the COLA page. Pensioners […]
UBC Staff Pension Plan retirees will receive a 0.50% Cost of Living Adjustment (COLA) to their pension effective January 1, 2021. 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 […]
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 […]
UBC Staff Pension Plan retirees will receive a 0.95% Cost of Living Adjustment (COLA) to their pension effective January 1, 2020. 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 […]
UBC Staff Pension Plan retirees will receive a 1.15% Cost of Living Adjustment (COLA) to their pension effective January 1, 2019. 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 […]
2018 Retiree Statements Pensioners will receive their annual retiree statement in December 2018, which includes their Cost of Living Adjustment information. You can opt out of paper statements through myPension. 2018 Annual Statements (for Active and Deferred Members) Active and Deferred members will receive their annual statement as at December 31, 2018 in May 2019. […]
On January 1, 2018, SPP retirees received an increase to their pension of 0.75%.
