2024 December FPP Update

For members approaching retirement: Understanding your Retirement Income Options

Members who are thinking of retiring soon are encouraged to attend an Understanding your Retirement Income Options seminar. This 1.5-hour seminar discusses retirement considerations and explains the various options available to Plan members who are approaching retirement. The next seminar dates are: Wednesday, February 19, 2025 Thursday, April 10, 2025

For all members: Understanding Your Faculty Pension Plan

Learn about the Plan’s features and benefits, investment options and your responsibilities as a member of the UBC Faculty Pension Plan in this 1-hour in-depth pension seminar. Whether you are new or have been in the Plan for a while, you’ll come away with useful information about your pension plan and how to make the […]

New guidelines for pension administration practices

The UBC Faculty Pension Plan (FPP) is required to be compliant with provincial and federal legislation, including the B.C. Pension Benefits Standards Act and the Canada Income Tax Act. In addition, the UBC FPP follows guidelines provided by the Canadian Association of Pension Supervisory Authorities (CAPSA). The CAPSA is a national association of pension regulators […]

Your responsibilities as a UBC FPP member

The UBC Faculty Pension Plan (FPP) is a defined contribution pension plan. This means that your retirement income is not pre-determined – it is based on your account’s assets at the time you retire. During your working years, the key is to grow your account balance as much as possible to help you achieve your […]

Missed the Pension Forum? Watch the Video

The Plan held its annual Pension Forum on May 29, 2024. The presentation included updates on the Plan’s investment performance, recent Plan investment changes, membership and financial highlights, and our 2023/24 initiatives. The presentation was then followed by a question period. If you weren’t able to attend, you may view the recorded presentation here. We thank […]

Market Commentary: Third Quarter 2024

Read the Q3 2024 Market Commentary for an update on current market conditions.  

Keep your beneficiary information up to date

It is important to regularly review your beneficiary information so that your pension benefits will be paid according to your wishes. The Plan administers pre- and post-retirement death benefits in accordance with B.C. pension legislation and the designations that we have on file at the time of your death. Pension legislation requires that your spouse […]

For RRIF/LIF-Type Payment Accounts: Deadline for 2024 Non-Scheduled Withdrawals

The last date to request non-scheduled withdrawals from RRIF/LIF-Type Payment accounts for this calendar year is Monday, December 16, 2024. To request a non-scheduled withdrawal, contact the Sun Life Client Care Centre at 1-844-822-3131 (1-844-UBC-3131), and select Option 3.

Canada Post Service Disruption

There is currently a disruption to Canada Post service across Canada as of November 15, 2024. This service disruption will result in the delay of receiving and sending of mail. During this time, members can submit their forms or documents through the following ways: In Person at the UBC Pension Administration Office Our physical office […]