UBC Pension Administration Office Holiday Closure
The UBC Pension Administration Office will be closed from noon on December 24, 2015 to January 1, 2016 inclusive. The office will reopen on January 4, 2016. If you have an urgent pension inquiry during the holiday closure, please leave a message at 604-827-3286. These messages will be monitored daily over the holiday period. The […]
Update Your Email Address: We Are Going Green
Beginning June 2016, the UBC Pension Administration Office will no longer produce a paper version of the quarterly information sheet. Over the next several months, we will transition to an email version of the information sheet called “UBC Faculty Pension Plan Update,” which includes important information and latest news from the UBC Faculty Pension Plan and […]
New Pension Benefits Standards Act
The new Pension Benefits Standards Act (PBSA) legislation came into force on September 30, 2015. Below is a summary of changes that may be of interest to our members: Maximum Withdrawal Amounts for LIF-Type Payments: Under the new PBSA, the maximum withdrawal amounts for LIF-Type Payments have increased. The new maximum percentages are posted on the […]
Important Changes to Minimum Withdrawal Amounts for RRIF/LIF-Type Payments
As part of the 2015 Budget, the Federal Government recently introduced new, lower minimum withdrawal factors starting at age 71 applicable to RRIF/LIF-Type payments. There has been no change to the current minimum withdrawal factors for members who are age 70 and under. The new withdrawal factors apply retroactively as of January 1, 2015. Members […]
UBC Faculty Pension Plan Election: Have You Voted?
The UBC Faculty Pension Plan (FPP) is currently holding an election for two trustees to serve on the Board of Trustees for a four-year term from January 1, 2016 to December 31, 2019. Click on the link below to vote: https://facultystaff.students.ubc.ca/enrolment-services/senate/elections/fpp-election Election packages were mailed on October 19, 2015 to all eligible members and voting closes […]
Where Can I Find Investment Information?
Investment performance information continues to be available on the Plan’s Investment page at faculty.pensions.ubc.ca/investments/.You may also view this information by signing in to mysunlife.ca/ubcfpp, then under Investments, select Manage plan > my plan > Plan overview > View available investments. Investment Performance Information Where can I find this information? Fund Unit Values (Daily) Sign in to mysunlife.ca/ubcfpp, then […]
UBC FPP Balanced Fund Update
The UBC Faculty Pension Plan (FPP) Balanced Fund is a composite of different asset classes managed by 12 different investment managers. One of the real estate managers, Bentall Kennedy, was purchased by Sun Life Financial effective September 1, 2015. This acquisition does not impact the UBC FPP Balanced Fund in any way. Bentall Kennedy will retain […]
Sun Life Financial Transition Update
In the fall of 2014, Sun Life Financial was selected to become the new record keeper and custodian for the UBC Faculty Pension Plan (FPP) effective June 2015. On June 23, 2015, the Plan assets and member accounts were successfully transferred to Sun Life Financial. Sun Life Financial holds the Plan assets exclusively for the FPP, and […]
UBC Faculty Pension Plan: Looking Back & Looking Forward
As announced in the UBC Faculty Pension Plan (FPP)’s Annual Report, 2014 Year in Review, Cheryl Neighbour, Executive Director of Operations for the FPP, retires in 2015. A succession plan for her retirement was approved by the FPP Board of Trustees in 2014, which included an opportunity to restructure the senior leadership team for the UBC […]