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.


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:

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.

Belonging Dinners

Have you eaten yet? Are you missing comfort food that might help to soothe your homesickness? Join us in nourishing your whole embodied self with wholesome cultural foods. Enjoy time cooking ahealthy meal together. You will be invited to practice mindfulness in cooking and eating based on a holistic approach that combines the body, mind, and heart.

Alumni Holiday Mingle at L’Apero - sold out!

Connect with the Victoria and Campus Alumni Network!

MBA in Sustainable Innovation Info Session

Performances littéraires par les é FRAN 378 - Creative Writing in French

Lecture publique des projets majeurs réalisés par les étudiant·es du cours FRAN 378—Creative Writing in French, Department of French and Francophone Studies.
Le mardi 5 décembre 2023, à partir de 18h, dans les locaux de la Société francophone de Victoria — Maison de la Francophonie.
Ouvert à tous les publics | Gratuit | Bar payant

Le cours FRAN 378 est structuré autour d'un projet pédagogique expérimental inspiré de l'atelier Zone à dessins offert par François Génot à l'École Supérieure d'Art de Lorraine de Metz, en France:collectivement, les étudiant·es de UVic ont construit une «zone à raconter» à travers les travaux exigés tout au long du semestre, orientée par Mount Tolmie, une colline située au cœur du quartier oùle campus principal de l'université est installé. Un belvédère d'observation au sommet offre une vue panoramique sur le sud de l'île, la mer des Salish, les monts Olympiques aux États-Unis et lecentre-ville de Victoria. La colline accueille un écosystème protégé de chênes de Garry ainsi que plusieurs sentiers pédestres très populaires pour les coureurs et les touristes. La colline estponctuée de grandes maisons bourgeoises tandis qu'à ses pieds se trouve un quartier plus mixte fréquenté par la communauté universitaire. Les étudiant·es se sont rendu·es sur le territoire àplusieurs reprises pour collecter des données brutes (notes, photos, sons, artefacts, etc.) et discuter avec des intervenant·es sur les enjeux spécifiques à cette zone. L'événement fera vivre lacréation littéraire en français à Victoria et permettra aux étudiant·es de partager le fruit de leur travail, devant public.

Jingle Brass


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Outbound Exchange Information Session: The University of Manchester

Interested in studying at the University of Manchester, or the UK, on exchange? This session will give an overview of the inbound Exchange Programme at the University of Manchester, as well asrelated matters such as living in the UK, housing, and more. Join to learn more about spending a semester or year there in 2024/25!

Please register for this session ahead of time, using the button below.