News & Events

In September, we invited members of the University of Victoria Combination Pension Plan (the “Plan”) to nominate candidates for two openings on the Pension Board of Trustees.

The rate of return for October 2025 is now available.

Canada Post is experiencing a service disruption affecting mail delivery across the country.

We are pleased to share that, following the recent completion of anew valuation of the University of Victoria Combination Pension Plan (the “Plan”), Plan members will see a decrease to their required contribution rates effective September 1, 2025.

Effective September 1, 2025, full-time teaching-stream faculty will transition from the Money Purchase Pension Plan to the Combination Pension Plan.

We are excited to announce that the 2024 Annual Report is now available online.

Financial Statements 2024

We are excited to announce that the 2023 Annual Reports are now available online.

Response to the Pension Communications survey earlier this year was tremendous.

Effective August 1, the University’s contributions will decrease from 12.33% to 11.09%. Employee contributions will decrease as follows: • Salary Below YMPE Current: 5.11% New: 4.78% • Salary Above YMPE Current: 6.86% New: 6.53%

Annual statements for UVic Combination Pension Plan Internal Variable Annuity (IVA) accounts have been mailed to members.

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.

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).

Pension Services provides personalized Annual Statements to all pension plan members on an annual basis. Find out about the timelines for these statements and when you can expect to receive yours!