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.


Latest News

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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QuickFind

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 2.65

Monthly Unit Prices
as at March 31, 2014

Investment Fund
Price
($)
Change (%)
Balanced 197.4756 +0.14
Bond 167.2720 -0.11
Canadian Equity 234.5512 +1.39
Foreign Equity 192.1474 -0.29
Short Term Investment 122.0828 +0.09

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a place of mind, The University of British Columbia

 

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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