SPP: 2026 cost-of-living adjustment

 

For 2026, the Staff Pension Plan cost-of-living adjustment (COLA) is 2.0 per cent and takes effect January 1. The COLA is prorated for members retiring partway through the year. Members collecting a pension will receive any carry-forward from previous years to a maximum of 3.0 per cent.

Details about the increase are in the Notice of Pension Increase statement, which will be mailed out by January.

Reminder: Last year, we changed the annual confirmation process. A select group of retirees need to complete the Confirmation of Pension Information form to avoid disruption in pension payments. The Notice of Pension Increase statement provides more information about this requirement.

You can read more about the plan at The Staff Pension Plan - University of Victoria.

For questions about Plan benefits, call 250-721-7030 or email Pension Services at pensions@uvic.ca.

 

Be cyber safe

 

Telemarketing and cyber scams are increasing. Stay alert and check in with older loved ones to help protect them.

Common scam signs:

  • Poor call quality or delay at the start of a call
  • Unsolicited offers, refunds, or financial opportunities
  • Requests for personal info via phone, email, or text
  • Pressure to act quickly

Remember: Legitimate organizations won’t ask for sensitive info through these channels. If something feels off, trust your instincts – contact the organization directly using a verified number.

Protect yourself by: