Welcome to the Faculty Pension Plan (FPP)

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.

Pension Administration Office Fax Line Maintenance

The Pension Administration Office fax line will undergo maintenance from 9:00 a.m. to 11:00 a.m. on Thursday, September 4. We expect the fax line to be fully operational after 11:00 a.m.

During this short period, you can contact the Faculty Pension Plan or the Staff Pension Plan by email or phone, or you may drop off your forms in person. If you send us a fax during the maintenance period, please phone the office at 604.822.8100 to confirm receipt of your fax. We apologize for any inconvenience this may cause and we thank you for your patience.

Latest News

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:

Fund Performance and Composition
Market Commentary
Investment Changes affecting Bond and Balanced Funds

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:

Fund Performance and Composition
Market Commentary
Pension Forum Invitation

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:

Fund Performance and Composition
Market Commentary
New Member and Retirement Options Workshops

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.

Important Notes

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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GIC Current Rates

GIC Term
Net Interest
Rate (%)
1-Year 1.75
2-Year 1.90
3-Year 2.05
4-Year 2.20
5-Year 2.55

Monthly Unit Prices
as at July 31, 2014

Investment Fund
Change (%)
Balanced 204.2482 +0.94
Bond 172.9917 +0.92
Canadian Equity 251.8092 +1.38
Foreign Equity 193.4197 +0.10
Short Term Investment 122.4873 +0.07

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UBC Pension Administration Office
201 - 2389 Health Sciences Mall, Vancouver, BC Canada V6T 1Z3
Tel 604.822.8100
Fax 604.822.9471

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