Welcome to the Faculty Pension Plan (FPP)

Introduction

The Faculty Pension Plan (FPP) serves academic and administrative executives of the University. Approved by the Canada Revenue Agency (CRA), it became effective July 1, 1967 and provides retirement, termination and death benefits for members.

More than a valuable benefit provided to you as part of your UBC faculty compensation package, the Plan is an important part of your financial plan.

The FPP is a defined contribution (DC) pension plan with five investment funds. Members may allocate their pension account among the funds, and may make changes to their asset mix by submitting the request to the Pension Administration Office (PAO). The staff at the PAO are here to answer your questions and support you in your retirement planning. You are welcome to contact us at any time.

Updates from the Pension Office

Investment Changes within the Fund Options
Members received a letter with their 2009 4th quarter statement and newsletter package regarding the pending investment changes. Effective April 1, 2010, there will be investment changes within the Balanced Fund, Foreign Equity Fund, and Bond Fund. These upcoming changes can be referenced at the Fund Updates page. There are no changes being made to either the Canadian Equity Fund or Short Term Investment Fund.

If you would like to change your current investment allocations prior to the investment changes, your Investment Allocation form must be received by the Pensions Office no later than March 26, 2010. Information on current investment options and how to change your investment allocations can be read at the Investment Choices page.

SUPFAC 2009 Annual Report - February 2010
The 2009 SUPFAC Annual Report as at December 31, 2009 can be viewed here.

RRSP Deadline and Contribution Room
March 1, 2010 is the deadline for contributing to an RRSP through a financial institution for the 2009 tax year. The deadline for making voluntary contributions to the UBC Faculty Pension Plan for 2009 was December 31, 2009. If you are interested in making voluntary contributions for the 2010 tax year please see the FPP Calculators page for more information.

2009 FPP Election Results - November 26, 2009
We are pleased to advise that Drs. Rob Heinkel and Neil Guppy were elected as members of the Board of Trustees in the recent election. Their terms of office are from January 1, 2010 to December 31, 2011. We thank the candidates and all those members who cast their ballots in this election.

UBC Faculty Pension Plan positioned well compared to other University Plans
The Canadian Association of University Business Officers (CAUBO) has released the results of their 2008 Investment Survey for University Plans over $500 million as at December 31, 2008. The UBC Faculty Pension Plan’s 2008 Rate of Return ranked 2nd out of the 23 university pension plans surveyed. For the Plan’s current investment performance, please click here.

2009 FPP Elections
The Faculty Pension Plan will be holding an election for two trustees this fall. A call for
nominations will be sent to members on Monday, September 14. Close of nominations will be Tuesday, October 6.

Should there be an election, the election packages will be sent to members on Thursday, October 22 and the deadline for casting ballots will be Wednesday, November 18. We will announce the results of the election on Thursday, November 26. You will be able to vote online again this year. If you do not have access to a computer, you will be able to vote by faxing or mailing your ballot.

UBC Vancouver Campus Annual Open House Update -
2008 Year in Review
The Faculty Pension Plan held their Annual Open House at the Vancouver Campus on June 9, 2009. The Open House slide-show presentation detailing the performance and accomplishments in 2008 and objectives for 2009 can be viewed here.

Upcoming Events

Workshops
If you are a new member or wish to learn more about the Plan, we host seminars to cover all aspects of the Plan and other retiree benefits.

Bookmark this page to see what's new and when new workshops or other special events occur.

MyPension @ UBC

Access your UBC Pension
account via CWL.

First time? Click here.

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