Retiring

Get Educated About Your Pension Benefits

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.

Upcoming Workshops for Staff

geteducated Seminars (Vancouver & Okanagan campuses):

Facilitated by a representative from the Pension Administration Office, geteducated seminars are an opportunity for UBC staff to learn more about their Staff Pension Plan (SPP) and ask pension-related questions in a group setting. Specific topics can be covered if requested in advance. We also may be able to accommodate a variety of group sizes and session times during the day. If you would like more information about these seminars, please contact Margaret Leathley at margaret.leathley@ubc.ca.

Understanding Your Staff Pension Plan (Vancouver & Okanagan campuses):

Understanding Your Staff Pension Plan is an informative workshop designed for both potential and current members of the UBC Staff Pension Plan. All ages are welcome to attend.

Date: Thursday, October 5, 2017
Time: 9:00 a.m. – 11:00 a.m.
Location: RHS257 (Southern Medical Program lecture theatre), Okanagan
RSVP by: September 25

Date: Thursday, October 26, 2017
Time: 1:30 p.m. to 3:30 p.m.
Location: Pension Administration Office, 201 – 2389 Health Sciences Mall, Vancouver

Date: Thursday, November 2, 2017
Time:  9:30 a.m. – 11:30 a.m.
Location: Pension Administration Office, 201 – 2389 Health Sciences Mall, Vancouver

For more information and to register, visit Staff Pension Plan workshops.

Upcoming Seminars for Faculty

New Member Seminar (Vancouver campus):

If you are a new member or wish to learn more about the UBC Faculty Pension Plan, this seminar covers all aspects of the Faculty Pension Plan.

Date: Tuesday, October 17, 2017
Time: 12:15 p.m. – 2:00 p.m.
Location: Pension Administration Office, 201 – 2389 Health Sciences Mall, Vancouver

Retirement Income Options Seminar (Vancouver campus):

For members approaching retirement, this in-depth seminar explains the various options available.

Date:  Thursday, November 16, 2017
Time: 12:00 p.m. – 2:30 p.m.
Location: Pension Administration Office, 201 – 2389 Health Sciences Mall, Vancouver

For more information and to register, visit Faculty Pension Plan seminars.

 

Folders with the label Retirement Plan and Pension

Retiring Soon? Here’s What You Need to Know

The end of a school semester and start of summer is a popular time for faculty and staff to consider retiring. This is a big decision and there are many factors to consider.

We have compiled a list of steps to take once you have decided to retire, and we’ve included some of the resources you have access to as a retiring or retired faculty or staff member – from enrolling in our group retirement health benefits program to taking advantage of discounted rates at the Aquatic Centre and ongoing access to UBC’s libraries.

Steps to retiring

  1. Let your Department Head (faculty) or manager (staff) know the date on which you will retire well in advance.
  2. Contact the Pensions Office at 604-822-8100 to set up an appointment to go over your options and sign any required paperwork.
  3. Decide if you will be joining UBC’s optional Retirement & Survivor Benefits Program. This program offers extended health care, dental and Employee & Family Assistance program coverage. You may also decide to enrol in your spouse’s or common-law partner’s plan – or one through a previous employer – to continue your extended health and/or dental coverage.

Learn more about your pension

It’s never too early – or late – to learn about your pension. The following resources and information sessions are great places to start.

Visit the UBC Pensions website

Visit the UBC Pensions website to learn about your pension options when you retire.

Attend an upcoming pension plan presentation or information fair

UBC Pensions offers workshops and seminars to help you understand the Staff Pension Plan and Faculty Pension Plan.

Vancouver Campus 

Understanding Your Staff Pension Plan

  • Date: Tuesday, May 30, 2017
  • Time: 1:30-3:30 p.m.
  • This session is currently full. If you would like to be added to the wait list, please email sppreg@hr.ubc.ca to let us know (include your employee ID and the name of the workshop in your email).

Staff Pension Plan Fair

Whether you are brand new to UBC or have been a staff member for many years, the Pension Fair is a great opportunity to learn more about your pension plan and increase your pension knowledge. Stop by the information tables to learn about the Plan and other retirement benefits and services. The Staff Pension Plan Board, management and staff look forward to meeting you and answering your questions.

Off-campus members will be reimbursed for parking (maximum two hours) or bus expenses (with fare receipt). Light refreshments will be provided.

  • Date: Wednesday, June 21, 2017
  • Time: 11:30 a.m.-1:15 p.m
  • Location: Robert H. Lee Alumni Centre, 6163 University Boulevard [map]
  • Registration is not required
  • Click here for more event details.

Faculty Pension Plan: Understanding Your Retirement Income Options

  • Date: Thursday, June 1, 2017
  • Time: 12:00-2:30 p.m.
  • Location: Pension Administration Office, 201 – 2389 Health Sciences Mall [map]
  • Register Now
  • Download Presentation Documentation
  • Designed for members approaching retirement, this helpful seminar explains the various options available to you.

Faculty Pension Plan 101

Okanagan Campus 

Understanding Your Staff Pension Plan

Faculty Pension Plan: Understanding Your Retirement Options

  • Planned for Spring 2018

Faculty Pension Plan 101

  • TBA

Review your coverage under the Retirement & Survivor Benefits Program

When you retire, you are no longer eligible for the same benefits that were available to you as a UBC employee. However, if you are 55 or older when you retire, you can choose to sign up for the UBC Retirement and Survivor Benefits (RSB) Program, which offers three plans: Extended Health, Dental, and the Employee and Family Assistance Program.

The coverage is not the same as that offered to current UBC employees and you are responsible for paying the monthly premiums. If you’d like to enrol in the program, you must do so within 31 days of retiring. You cannot apply after this 31-day period.

To decide if this optional program is right for you, take a look at the information on our website.

If you have any further questions, please contact Janet McHugh, Retirement Benefits Administrator, at 604-822-4580 or janet.mchugh@ubc.ca.

Take a retirement planning course

UBC Continuing Studies offers retirement planning courses that cover topics including health and wellbeing, lifestyle planning, financial management, and wills and estate planning.

For more information, visit the UBC Continuing Studies Life and Career Courses page. Current staff employees can use their tuition waivers towards Continuing Studies courses.

Perks and benefits for retired UBC employees

As a retired UBC employee, you can take advantage of library access and discounted aquatic centre and parking rates.

Library access

Retired faculty and staff may continue to use their UBCcard to borrow materials and access library resources and services.

Aquatic Centre discounted rate

  • 25 Year Club members: If you are a member of the 25 Year Club, a four-month pass to the UBC Aquatic Centre is just $70, or $2.75 per admission. (These rates are subject to change, so please check with the Aquatic Centre directly.) 
  • Other retirees: If you are not a member of the 25 Year Club, and are over age 55, you are eligible for senior rates. Contact the UBC Aquatic Centre at 604-822-4522.

Complimentary or reduced-rate parking

Retired employees can take advantage of complimentary or reduced rate parking:

  • Professors emeriti: Emeriti faculty are eligible for complimentary parking permits, which offer the same parking privileges as those granted to active faculty and staff. To obtain your parking permit, apply in person at the Parking Office – bring your letter from Faculty Relations with you. 
  • 25 Year Club members: To find out about eligibility criteria and to obtain the application form for complimentary parking for 25 Year Club members, please visit our Guidelines page.
  • Other retirees: If you are not a member of the 25 Year Club and are retired from the University, you may obtain an Associate Decal from the Parking Office. This decal enables you to park in campus parkades at a reduced rate of $8.00 a day, taxes included. You may also purchase prepaid coupons to use with your Associate Decal.

When applying for parking permits, you must bring with you:

  • Vehicle insurance papers
  • Your valid driver’s licencePlease note that all outstanding parking tickets must be paid before a permit will be issued. Questions regarding retiree permits may be directed to Parking Services at 604-822-6786.

Other retirement resources for Faculty members

Please visit the Faculty Relations website for more details.