UBC is now live with Workday. Visit the IRP website to login to Workday and access go-live resources. For Workday support contact the Integrated Service Centre.

MANAGERS / LEADERS OF HOURLY EMPLOYEES: to ensure hourly employees get paid on November 30, review and approve their time in Workday by Tuesday, November 24 at 11:59pm.

Retirement planning

Retirement planning resources, along with basic information about benefits and life insurance considerations and options for staff and faculty.

Retirement and pensions

Retirement can mean different things to different people and can bring up a variety of emotions. As a transition in the employee life cycle, we understand how important it is that you have the tools to plan your retirement.

Visit the UBC Pensions website to learn more about your pension benefits upon retirement.

See below for specifics about planning resources available to members of the UBC Faculty Pension Plan.

Retiring represents a significant life transition that requires planning and preparation. Here’s what you need to know:

  • Visit the UBC Pensions website to learn more about the pension options available to you when you retire.
  • You have 31 days from your retirement date to enroll in the optional Retirement and Survivor Benefit Program to receive extended health and dental coverage.
  • You may want to convert your life insurance to an individual plan.
  • The Employee and Family Assistance Program is available to offer counselling and support.

Health benefits after retirement

See the pension and retirement benefits for information on what happens to your benefits after retirement.

Life insurance

When you retire, you have the option of converting your life insurance from UBC's group plan to an individual plan. For more information, visit the Life Insurance Conversion on Retirement page.

Your basic group life insurance, optional life insurance, and accidental death and dismemberment insurance plans expire on your last day of employment. You can convert one or more of these plans to individual policies so that you continue to hold insurance coverage.

 

    Retirement resources for faculty

    UBC provides several resources to members of the UBC Faculty Pension Plan to support retirement, including counselling and workshops.

    The Pension Administration Office offers individual information sessions on pension-related matters. To make an appointment, please call 604 822 3485. Further information on retirement as well as links to other retirement related sites can be found on the plan’s website. You can also use the pension calculator to estimate future account balances(s) and monthly annuity you may receive upon retirement from the UBC Faculty Pension Plan (FPP).

     

    Faculty retirement process and options

    Faculty wishing to retire must give written notice to the head of their academic unit well in advance of their intended retirement date.

    Faculty retirement dates usually fall on June 30 or Dec. 31 following their notice date, unless otherwise agreed upon.

      Retirement option for staff

      There is a pre‐retirement reduced appointment agreement option in accordance with Policy H9 that results in a reduction of volume and/or scope of work and corresponding reduction in work time while retaining full pension and other benefits for up to three years prior to a staff member’s retirement. A pre‐retirement reduced appointment agreement is voluntary and ends on a predetermined retirement date. 

      UBC Crest The official logo of the University of British Columbia. Urgent Message An exclamation mark in a speech bubble. Caret An arrowhead indicating direction. Arrow An arrow indicating direction. Arrow in Circle An arrow indicating direction. Arrow in Circle An arrow indicating direction. Time A clock. Chats Two speech clouds. E-commerce Cart A shopping cart. Facebook The logo for the Facebook social media service. Home A house in silhouette. Information The letter 'i' in a circle. Instagram The logo for the Instagram social media service. Linkedin The logo for the LinkedIn social media service. Location Pin A map location pin. Locked A locked padlock. Mail An envelope. Menu Three horizontal lines indicating a menu. Minus A minus sign. Pencil A pencil indicating that this is editable. Telephone An antique telephone. Play A media play button. Plus A plus symbol indicating more or the ability to add. Search A magnifying glass. Settings A single gear. Speech Bubble A speech bubble. Star An outline of a star. Twitter The logo for the Twitter social media service. Unlocked An unlocked padlock. User A silhouette of a person. Vimeo The logo for the Vimeo video sharing service. Youtube The logo for the YouTube video sharing service.