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By Breeonne Baxter on April 4, 2019
We have several upcoming Understanding Your Staff Pension Plan sessions for members of the UBC Staff Pension Plan. If you are interested in attending, please register soon as these sessions fill up quickly.
These workshops help attendees learn about the plan, about pensions in general, and related retirement considerations.
Visit https://staff.pensions.ubc.ca/news/workshops/ to register.
By Breeonne Baxter on January 10, 2019
The Pensions Administration Office is holding several Understanding Your Staff Pension Plan workshops.
Advance registration is required. Sign up at http://staff.pensions.ubc.ca/news/workshops/.
By Breeonne Baxter on November 1, 2018
The Staff Pension Plan is holding an election for two Pension Board members. Voting closes Nov. 19. Visit the UBC Elections site to view candidate information, and to vote online at https://facultystaff.students.ubc.ca/2018-staff-pension-plan-election.
The results of the election will be posted on the SPP website on Dec. 3, 2018.
By Breeonne Baxter on June 14, 2018
This year’s UBC Staff Pension Fair takes place on Thursday, June 21, 11:30 a.m. to 1:00 p.m. The fair will be held at the Robert H. Lee Alumni Centre. This is a drop-in event; no RSVP is required.
The Pension Fair is a great opportunity for members to learn more about their pension plan and increase their pension knowledge. We are also pleased to have the following groups in attendance:
Visit the SPP Pension Fair event page for more details.
By Chelsey Maher on May 31, 2018
Please share this with your staff.
The May 2018 issue of the Staff Pension Plan Update newsletter was sent out this week. Members will have either received an electronic copy, or they will soon receive a paper copy of the newsletter along with their annual statement.
In this issue of the SPP Update:
View the May SPP Update newsletter.
By Chelsey Maher on May 24, 2018
Please share with your staff.
The Staff Pension Plan 2017 Annual Report is available online.
The report includes a Message from the Chair and Executive Director, highlights for the Plan, membership and administration statistics, a review of the Plan’s funds and investment performance, FAQs, and information about how to access your pension information online. View the 2017 Annual Report.
By Breeonne Baxter on October 12, 2017
In September, 2017, the UBC Board of Governors approved an increase in the employer contribution to the Staff Pension Plan. The increase will be implemented in two stages – the first increase occurred on Oct. 1, 2017, and the second increase will occur on Oct. 1, 2018. The past, current and new contribution rates are shown below. The employee contribution rate remains unchanged at 6.5% of pensionable earnings. The employer contribution rates are as follows:
The benefits provided by the SPP are not being changed. However, the increase in the level of contributions being made to the SPP enhances the security of the pension benefits. One of the objectives of the Pension Board is to ensure that the SPP is financially sustainable for the long-term. The increase in the employer contribution will assist the Pension Board in achieving this objective.
For more information about the Staff Pension Plan, visit http://staff.pensions.ubc.ca.
By Chelsey Maher on March 3, 2016
Please share this information with your staff.
There is still space available in the next Understanding Your Staff Pension Plan workshop on Monday, March 7, from 9:30 to 11:30 am.
Both potential members and current members who are under age 50 are welcome. If you are already a member, this workshop will answer any questions you may have about your pension benefits. If you are considering becoming a member, this workshop will provide you with the information you need to make your decision. Click here for more information or to register.