The Faculty Pension Plan (FPP) serves academic and administrative executives of the University. It became effective July 1, 1967 and provides retirement, termination and death benefits for members. Visit the FPP at a Glance for a overview of the Plan.
The Pension Administration Office will be closed from noon on December 24, 2014 to January 1, 2015 inclusive. The office will reopen on Friday, January 2.
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. Please submit all member request forms to the Pension Administration Ofﬁce by 4 p.m. PT on December 22, 2014 to ensure they are processed effective month end.
The FPP Board of Trustees and PAO staff would like to wish you and your family a safe and happy holiday season.
2014 Third Quarter Statements and Information
November 5, 2014
Members will start to receive their 2014 third quarter statements in early November. Enclosed with the member statements is an information sheet announcing the transition to a new recordkeeping platform with Sun Life Financial. As well, there are notices about re-appointments within the FPP Board of Trustees, the Pension Administration Office holiday closure, and a call to find members with whom we have lost contact.
The following is information that has been updated for the third quarter of 2014:
2014 Second Quarter Statements and Information
August 6, 2014
Members will start to receive their 2014 second quarter statements in early August. The following is information that has been updated for the second quarter of 2014:
Investment Changes affecting Bond and Balanced Funds
July 21, 2014
As of July 2014, investment changes were approved to the allocation among three of the FPP Balanced and Bond Fund’s current bond managers as well as changes to the investment fees of these funds. Details are available on the Plan’s website at: www.pensions.ubc.ca/faculty/fund_update.html
Faculty Pension Plan Forum Presentation Slides
June 12, 2014
The Faculty Pension Plan held its Pension Forum on May 21, 2014. We thank everyone who attended the Pension Forum, and hope you enjoyed the event and had your questions answered.
A presentation was made by the Chair of the Board of Trustees and the Plan's management on the Plan's 2013 investment performance as well as a review of the initiatives for 2013/14.
View the Pension Forum presentation slides.
Faculty Pension Plan Annual Report:
2013 Year in Review
May 13, 2014
The Faculty Pension Plan's annual report, 2013 Year in Review, is online. This year's report includes plan highlights, membership and financial statistics, fund and investment managers' rates of return, a market commentary, and the 2013 financial statements.
View the FPP 2013 Annual Report
2014 First Quarter Statements and Information
May 2, 2014
Members will start to receive their 2014 first quarter statements in early May. Enclosed with the member statements is an information sheet highlighting details about the upcoming 2014 Pension Forum, including a map and a list of information booths that will be available. As well, there is a notice about the FPP Annual Report: 2013 Year In Review, which will be available to members in mid-May. The following is information that has been updated for the first quarter of 2014:
Faculty Pension Plan Forum: May 21
April 10, 2014
On Wednesday, May 21, the Faculty Pension Plan will host its Pension Forum – a great opportunity for members to learn more about their pension plan and meet the Plan's trustees, management and staff. There will also be a short presentation from the Plan's management and trustees, followed by a question and answer period. Please see the Pension Forum invitation for event details.
Date: Wednesday, May 21, 2014
Time: 10:45 a.m. to 1:00 p.m.
Location: Cecil Green Park House, 6251 Cecil Green Park Road [map]
If you wish to attend, please RSVP and contact the Pension Office by May 14 at 604.822.8100 or via the Feedback page
Supplemental Arrangement Plan - 2013 Annual Report
February 24, 2014
The 2013 Supplemental Arrangement Annual Report as at December 31, 2013 has been posted on the Library page.
2013 Fourth Quarter Statements and Information
February 5, 2014
Members will start to receive their 2013 fourth quarter statements in early February. Enclosed with the member statements is an information sheet highlighting details about the upcoming 2014 Pension Forum. As well, there are notices about the recent FPP Trustees Election results, the UBC Faculty Association 2014 Financial Planning Lecture Series, and upcoming FPP workshop dates. The following is information that has been updated for the fourth quarter of 2013:
Faculty Pension Plan Trustees Election – Results
November 15, 2013
We are pleased to announce that the official results of the Faculty Pension Plan (FPP) Trustees Election have been released today. We would like to congratulate Dr. Joy Begley and Dr. Kai Li, who have been re-elected as members of the FPP Board of Trustees. Their terms of office are from January 1, 2014 to December 31, 2017. Thank you to all the candidates and members who participated in this election.
Investment Mandate Change affecting Bond and Balanced Funds
September 18, 2013
State Street Global Advisors, one of the Plan's investment managers, has changed their investment mandate as of July 2013. Their new bond mandate will now be a "passive" one (i.e. to meet the DEX Bond Universe index return) versus the prior "enhanced index" mandate. For details of this change, please see the Fund Updates page.
The information in this website summarizes the main features of the Faculty Pension Plan. This website does not create or confer any rights to benefits. Pension plans and the legislation that governs them are complex, so not every detail can be contained in a website such as this. In the event of any discrepancy or misunderstanding, benefits will be administered according to the official Plan documents and the applicable legislation.
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