Certain life events can have an impact on your UBC Faculty Pension Plan and lead to a change to your personal information and pension benefits.
Changing Your Address or Personal Information
Keep the UBC Pension Administration Office informed of any changes to your personal information to ensure that our records are up-to-date.
When you leave UBC and stop making contributions to your pension plan, you will have to decide what to do with your funds. Review the available options.
Before you retire, you have a number of key decisions to make. Follow these steps to plan for your retirement.
Marriage, Common Law, Separation, & Divorce
Your marital status has an impact on who is entitled to your survivor benefits. In the event of the breakdown of your marriage or common law relationship, your assets may be subject to division between you and your partner. Understand how your pension is affected.
Changing Jobs at UBC
A job change at UBC may affect your pension benefits. Review the potential impacts.
Leaves of Absence
There are various types of leave and during your temporary leave your pension benefits may be affected. Learn about the details associated with the different types of leave.
Designating Your Beneficiary
Your beneficiary is the person(s) or organizations(s) that you choose to receive your pension benefits after your death. Learn about the considerations in designating beneficiaries.
Power of Attorney & Third Party Authorization
If you have a power of attorney (POA) in place to handle your financial affairs, please send a copy of the POA document to Sun Life Financial.
In the Event of Your Death
If you die before retirement, the Plan provides a pre-retirement death benefit to your spouse or your designated beneficiary(ies) or estate.