News & Events

SPP: COLA update

The UVic Staff Pension Plan is indexed for inflation, which means that each year, pensions receive a Cost of Living Adjustment (COLA). This adjustment is calculated by determining the average Canadian Consumer Price Index (CPI) of the past 12 months (ie October 2021 to September 2022), compared to the average of the previous 12 months.

CPP Valuation Update

An actuarial valuation was completed earlier this year for the defined benefit component of the Combination Pension Plan. The valuation, which covered the three-year period from the beginning of 2019 through the end of 2021, shows that the Plan continues to have a solid foundation for providing financial security to its members.

IVA - COLA

With the current economic situation, inflation and changes to cost of living are top of mind. For pensioners who have elected an Internal Variable Annuity (IVA), such discussion may also raise questions about the calculation of Cost of Living Adjustments (COLA).

2022 CPP & MPP AGM

The Pension Board of Trustees will be holding its Annual General Meeting of the membership on Wednesday July 6, 2022, from 4:30 to 6:00pm. Join us for a report on Board activities and performance of Plan funds in 2021. This meeting will be virtual. Members of the plan will receive an invitation in the mail with directions for registering for the meeting. Members can also contact the Pension Services office for more details: pensionsAGM@uvic.ca

The War in the Ukraine: Pension Investments

As the University of Victoria has stated, we are deeply troubled about Russia’s military attacks in Ukraine, the impact on the country’s citizens and international stability, and the impact for university community members. The Combination Pension Plan, Money Purchase Pension Plan and Staff Pension Plan each have several investment managers. These managers are responsible for different types of assets. Two of these investment managers – BCI and PH&N – have indicated that a fraction of a percentage of their total assets under management are invested in Russia. The exposure of UVic pension plans to those investments is in itself quite limited. However, we have been assured by these managers that they are now addressing these investments through their internal processes, which are evolving as the situation changes. We are closely monitoring the situation in the Ukraine and its global impacts. Pension Services, the Pension Board of Trustees and Staff Pension Plan Committees are staying apprised of developments. We continue to work with the investment managers and investment consultants for each plan to monitor and assess the situation.

Combination Plan contribution rate change effective January 01 2020

As communicated to members earlier in 2019, the Pension Board recently decided that the Plan is sufficiently healthy to reduce the contribution rate for the Defined Retirement Benefit Account (DRBA), which funds the defined benefit component of the Combination Pension Plan. This contribution rate has been set at 5.05% of salary since 2011 and will now be reduced to 4% effective January 1, 2020.

Pension Board election update

In November 2019, Dr. Michael Miller and Ms. Susan Service we re-elected as Trustees on the Pension Board, for three year terms starting January 01, 2020. The next election for two positions on the Pension Board will be held in 2020, for terms beginning January 01, 2021. For more information, please visit the Governance section of the Combination Pension Plan webpage.

Artistic Ecosystems: Art Education Faculty Show

We are excited to see the works of our talented colleagues and instructors in the 2025 Art Education Faculty Art Show!

Artistic Ecosystems: Art Education Faculty Show

We are excited to see the works of our talented colleagues and instructors in the 2025 Art Education Faculty Art Show!

Heart to Heart

Conferring with a spiritual counsellor in the Christian tradition available for fresh insight on challenges you may be facing.

2025 Brain Art Contest & Showcase

Submissions are now open for the 2025 Brain Art Contest & Showcase , hosted by the Institute on Aging & Lifelong Health (IALH), the CARING Dementia Collaborative, and the Mental Health Research Clusterat the University of Victoria. This year's theme is Community & Mental Health, encouraging participants to reflect on how connection, support, and resilience shape our well-being across the lifespan.

Drop-in career support

Looking for work? Exploring career options? Meet with a career educator for support.

Pavements

While passion didn't necessarily appear to be part of Pavement's persona, Perry feels obliged to overcompensate, declaring them to be "the world's most important and influential band" in theopening minutes of his charmingly unabashed celebration — perhaps to curry favor with the uninitiated, but just as intent to convince the band of their own greatness. It's impossible not to be wonover by the director's efforts, which come to include at least four separate modes of production: a shoot with the band as they prepare for their first concerts in 12 years in the fall of 2022, anoff-Broadway stage musical "Slanted! Enchanted!" starring Michael Esper, Zoe Lister-Jones and Kathryn Gallagher, a gallery show "Pavements 33-22" set up like the Whitney Museum where some of theband's members once worked as security guards and a shameless awards bait biopic "Range Life," with members of the band to be played by Joe Keery, Nat Wolff, Griffin Newman, Logan Miller and FredHechinger. – Variety

" Pavements is perfectly Pavement-y." – Exclaim!
"a brilliant précis of one of indie music's most influential artists" – The Film Stage

Pavements

While passion didn't necessarily appear to be part of Pavement's persona, Perry feels obliged to overcompensate, declaring them to be "the world's most important and influential band" in theopening minutes of his charmingly unabashed celebration — perhaps to curry favor with the uninitiated, but just as intent to convince the band of their own greatness. It's impossible not to be wonover by the director's efforts, which come to include at least four separate modes of production: a shoot with the band as they prepare for their first concerts in 12 years in the fall of 2022, anoff-Broadway stage musical "Slanted! Enchanted!" starring Michael Esper, Zoe Lister-Jones and Kathryn Gallagher, a gallery show "Pavements 33-22" set up like the Whitney Museum where some of theband's members once worked as security guards and a shameless awards bait biopic "Range Life," with members of the band to be played by Joe Keery, Nat Wolff, Griffin Newman, Logan Miller and FredHechinger. – Variety

" Pavements is perfectly Pavement-y." – Exclaim!
"a brilliant précis of one of indie music's most influential artists" – The Film Stage