News

Retirement Planner Upgrades

The Retirement Planner will be upgraded to improve service to plan members with changes expected to be introduced by the end of September 2017. The changes include an improved look, added communication tools, and member self-registration to allow you to reset your own password. You will still be able to prepare retirement estimates that use your actual data and you will continue to have access to your annual member statement. For assistance, please call Conduent Human Resource Services at 1.866.709.2092 between 6 a.m. and 6 p.m. Alberta time during business days.

 

Older News

Sep 19, 2017

Retirement Planner Upgrades

The Retirement Planner will be upgraded to improve service to plan members with changes expected to be introduced by the end of September 2017. The changes include an improved look, added communication tools, and member self-registration to allow you to reset your own password. You will still be able to prepare retirement estimates that use your actual data and you will continue to have access to your annual member statement. For assistance, please call Conduent Human Resource Services at 1.866.709.2092 between 6 a.m. and 6 p.m. Alberta time during business days.

Jan 1, 2017

Buck Consultants Rebranded as Conduent

Effective January 1, 2017, Buck Consultants, the administration services provider for the UAPP, has been rebranded as Conduent Human Resource Services.

Dec 14, 2016

2017 COLA for UAPP Pensioners is 0.78%

The 2017 cost‐of‐living adjustment (COLA) for pensioners who retired prior to January 1, 2016 is 0.78%. For persons who retired in 2016, the COLA increase is prorated based on the number of complete months the person was on pension in the year. The increase is applied to the base pension, including any bridge benefit that is being paid. COLA is not applied to any coordination amounts. The COLA increase will be included with the January 2017 payment.

The COLA is set at 60% of the increase in the Consumer Price Index (CPI) (Alberta) as reported by Statistics Canada. The CPI increase for the relevant period was 1.3%. The percentage increase in CPI is derived by comparing the average CPI for the 12 months ending in October 2016 with the corresponding figure for the previous year.

Tax withholdings starting in January will reflect the 2017 rates applicable to the province or country of the recipient’s residence. CIBC Mellon will be issuing 2016 T4A slips in mid‐February 2017.

CIBC Mellon can be contacted at 1.800.565.0479 (English) or 1.800.268.1629 (French). Pensioners residing in the US can contact CIBC Mellon by calling 1.800.263.4497 or writing CIBC Mellon at CIBC Mellon Pension Benefits Department, PO Box 5858, Station B, London, ON N6A 6H2.

The CIBC Mellon website www.CIBCMellon.com is also available to assist pensioners with current information, frequently asked questions, as well as the "Retiree Assistance Online Inquiry" to submit address changes, specific questions, etc.

Nov 7, 2016

Year’s Maximum Pensionable Earnings under CPP for 2017 increases to $55,300 from $54,900 in 2016

The Canada Revenue Agency has announced that the Year’s Maximum Pensionable Earnings (YMPE) under the Canada Pension Plan (CPP) for 2017 will be $55,300 – up 0.7% from $54,900 in 2015. The new ceiling was calculated according to a CPP‐legislated formula that takes into account the growth in average weekly wages and salaries in Canada.

The employee and employer contribution rates for 2017 will remain unchanged at 4.95% each.

The maximum employer and employee contribution to the CPP for 2017 will be $2,564.10 each, up from $2,544.30 in 2016. The basic exemption amount will remain at $3,500.00.

Maximum Pensionable Salary under the UAPP for 2017 increases to $162,312.22 for service after 1993.

The increase in the YMPE to $55,300 combined with the announced maximum pension benefit of $2,914.44 in 2017 for each year of service under defined benefit pension plans means that the maximum pensionable salary (sometimes called the pensionable salary cap) under the UAPP will rise to $162,312.22 in 2017 from $160,970.00 in 2016.

The maximum pensionable salary under the UAPP has increased for 2017 by 0.8%.

June 24, 2016

Potential Canada Post Service Disruption

The UAPP Trustees’ Office is aware of a potential disruption to Canada Post services. Lump sum payments to terminated members and monthly payments to retired members could be affected. We have been advised that CIBC Mellon, the plan’s pensioner payroll services provider, has included a message on all cheques and direct deposit confirmations to alert retired members of the possible disruption and to encourage those receiving cheques by mail to sign up for direct deposit.

Pensioners can complete a direct deposit form and fax it to 1.800.678.0760 to ensure that future payments will be deposited directly to their account.

In accordance with CIBC Mellon’s standard procedures, all lump sum payment cheques with a net value exceeding $250,000 will be sent by courier. Direct transfers (such as RRSP transfers) to CIBC, Bank of Montreal, ScotiaBank, and TD Canada Trust will proceed during the disruption as CIBC Mellon has made arrangements with these financial institutions locally to distribute cheques through their interoffice systems.

The UAPP Trustees’ Office will continue to monitor the Canada Post labour situation and will work with CIBC Mellon to assist any plan member negatively impacted in the event of a disruption in postal services.

Dec 11, 2015

2016 COLA for UAPP Pensioners is 0.72%

The 2016 cost‐of‐living adjustment (COLA) for pensioners who retired prior to January 1, 2015 is 0.72%. For persons who retired in 2015, the COLA increase is prorated based on the number of complete months the person was on pension in the year. The increase is applied to the base pension, including any bridge benefit that is being paid. COLA is not applied to any coordination amounts. The COLA increase will be included with the January 2016 payment.

The COLA is set at 60% of the increase in the Consumer Price Index (CPI) (Alberta) as reported by Statistics Canada. The CPI increase for the relevant period was 1.2%. The percentage increase in CPI is derived by comparing the average CPI for the 12 months ending in October 2015 with the corresponding figure for the previous year.

Tax withholdings starting in January will reflect the 2016 rates applicable to the province or country of the recipient’s residence. CIBC Mellon will be issuing 2015 T4A slips in mid‐February 2016.

CIBC Mellon can be contacted at 1.800.565.0479 (English) or 1.800.268.1629 (French). Pensioners residing in the US can contact CIBC Mellon by calling 1.800.263.4497 or writing CIBC Mellon at CIBC Mellon Pension Benefits Department, PO Box 5858, Station B, London, ON N6A 6H2.

The CIBC Mellon website www.CIBCMellon.com is also available to assist pensioners with current information, frequently asked questions, as well as the "Retiree Assistance Online Inquiry" to submit address changes, specific questions, etc.

Nov 20, 2015

Year’s Maximum Pensionable Earnings under CPP for 2016 increases to $54,900 from $53,600 in 2015

The Canada Revenue Agency has announced that the Year’s Maximum Pensionable Earnings (YMPE) under the Canada Pension Plan (CPP) for 2016 will be $54,900 – up 2.4% from $53,600 in 2015. The new ceiling was calculated according to a CPP‐legislated formula that takes into account the growth in average weekly wages and salaries in Canada.

The employee and employer contribution rates for 2016 will remain unchanged at 4.95% each.

The maximum employer and employee contribution to the CPP for 2016 will be $2,544.30 each, up from $2,479.95 in 2015. The basic exemption amount will remain at $3,500.00.

Maximum Pensionable Salary under the UAPP for 2016 increases to $160,970.00 for service after 1993.

The increase in the YMPE to $54,900 combined with the announced maximum pension benefit of $2,890.00 in 2016 for each year of service under defined benefit pension plans means that the maximum pensionable salary (sometimes called the pensionable salary cap) under the UAPP will rise to $160,970.00 in 2016 from $157,024.50 in 2015.

The maximum pensionable salary under the UAPP has increased for 2016 by 2.5%.

Oct 1, 2015

Commuted Value Basis Change

The basis for the calculation of a Commuted Value (CV) has been changed. The Canadian Institute of Actuaries has implemented new mortality tables to better reflect increased life expectancy of Canadians. The new tables were generated as a result of an extensive cross-country study of mortality experience. These new tables are now standard for Registered Pension Plans like UAPP. This change in the standard will affect CVs for termination and death calculations.

Assumptions about a member’s mortality are very important with respect to the calculation of a CV because the CV represents the lump sum amount of money required today that is equivalent to the monthly pension normally paid upon retirement.

A CV is not normally calculated for members of UAPP who have attained age 55 because those members must receive a monthly pension and cannot commute the value of their pension. However, members under the age of 55 will notice a significant difference in their commuted values after October 1, 2015 if they have received a previous estimate or if they refer to the CV as shown on a past Annual Member Statement.

Feb 26, 2015

UAPP Trustees' Office Move

Effective February 26, 2015, the UAPP Trustees' Office has moved within Park Plaza from Suite 504 to Suite 1002.  There are no other changes to our address or contact information.

Dec 4, 2014

2015 COLA for UAPP Pensioners is 1.56%

The 2015 cost‐of‐living adjustment (COLA) for pensioners who retired prior to January 1, 2014 is 1.56%. For persons who retired in 2014, the COLA increase is prorated based on the number of complete months the person was on pension in the year. The increase is applied to the base pension, including any bridge benefit that is being paid. COLA is not applied to any coordination amounts. The COLA increase will be included with the January 2015 payment.

The COLA is set at 60% of the increase in the Consumer Price Index (CPI) (Alberta) as reported by Statistics Canada. The CPI increase for the relevant period was 2.6%. The percentage increase in CPI is derived by comparing the average CPI for the 12 months ending in October 2014 with the corresponding figure for the previous year.

Tax withholdings starting in January will reflect the 2015 rates applicable to the province or country of the recipient’s residence. CIBC Mellon will be issuing 2014 T4A slips in mid‐February 2015.

CIBC Mellon can be contacted at 1.800.565.0479 (English) or 1.800.268.1629 (French). Pensioners residing in the US can contact CIBC Mellon by calling 1.800.263.4497 or writing CIBC Mellon at CIBC Mellon Pension Benefits Department, PO Box 5858, Station B, London, ON N6A 6H2.

The CIBC Mellon website www.CIBCMellon.com is also available to assist pensioners with current information, frequently asked questions, as well as the "Retiree Assistance Online Inquiry" to submit address changes, specific questions, etc.

Nov 5, 2014

Year’s Maximum Pensionable Earnings under CPP for 2015 increases to $53,600 from $52,500 in 2014

The Canada Revenue Agency has announced that the Year’s Maximum Pensionable Earnings (YMPE) under the Canada Pension Plan (CPP) for 2015 will be $53,600 – up 2.1% from $52,500 in 2014. The new ceiling was calculated according to a CPP‐legislated formula that takes into account the growth in average weekly wages and salaries in Canada.

The employee and employer contribution rates for 2015 will remain unchanged at 4.95% each.

The maximum employer and employee contribution to the CPP for 2015 will be $2,479.95 each, up from $2,425.50 in 2014. The basic exemption amount will remain at $3,500.00.

Maximum Pensionable Salary under the UAPP for 2015 increases to $157,024.50 for service after 1993.

The increase in the YMPE to $53,600 combined with the announced maximum pension benefit of $2,818.89 in 2015 for each year of service under defined benefit pension plans means that the maximum pensionable salary (sometimes called the pensionable salary cap) under the UAPP will rise to $157,024.50 in 2015 from $154,250.00 in 2014.

The maximum pensionable salary under the UAPP has increased for 2015 by 1.8%.

Aug 15, 2014

New Pension Legislation in Alberta

The Government of Alberta recently announced changes to the Employment Pension Plans Act and Regulation.  This is the pension legislation under which the UAPP is registered.  Most of the changes are effective September 1, 2014.  Some of the changes will impact members directly while others will impact the overall governance and administration of the plan. 

A summary of the changes are included in our Fall 2014 Communique.  You can find this document by clicking on the Publications link at the top of this page and then selecting Communique.

Feb 16, 2014

Proposed Plan Design Changes to the UAPP Not Approved

The Universities Academic Pension Plan (UAPP) is jointly sponsored by the four academic staff associations and Boards of Governors of the participating universities (Alberta, Athabasca, Calgary, and Lethbridge) and The Banff Centre. In 2013, the Sponsors proposed changes to the plan effective January 1, 2015 that would have rebalanced the benefits for members, including changes to the early retirement and cost of living adjustment.

In order for these changes to take effect, there must be consent by a majority of employers, which together employ at least seventy-five percent (75%) of the members and consent by all of the Academic Staff Associations corresponding to those employers. Several Sponsors did not vote in favour of the plan design changes and this means that the changes do not meet this approval threshold and so will not take effect. The plan will therefore continue under the same terms and conditions as they currently exist.

The sponsors for the UAPP are committed to ensuring that the plan is sustainable and meets the needs of our members. The Sponsors Representatives will immediately begin working to create a strategy for the plan that addresses members' needs and ensures that the plan is financially sustainable into the future.

For your information, the following individuals are your Sponsors Representatives:

Athabasca University Estelle Lo
Diane Morrison
elo@athabascau.ca
dianem@athabascau.ca
780-675-6909
780-675-6176
Board Rep Faculty Association Rep
Banff Centre Gill Danby gillian_danby@banffcentre.ca 403-762-6155 Board Rep
University of Alberta Phyllis Clark
Donna Wilson
Phyllis.clark@ualberta.ca
donna.wilson@ualberta.ca
780-492-5354
780-492-5321
Board Rep Faculty Association Rep
University of Calgary Jonathan Gebert
Justine Wheeler
jgebert@ucalgary.ca
jwheeler@ucalgary.ca
403-210-6600 Board Rep Faculty Association Rep
University of Lethbridge Nancy Walker
David Kaminski
Nancy.walker@uleth.ca
David.kaminski@uleth.ca
403-329-2207
403-329-2572
Board Rep Faculty Association Rep

Dec 12, 2013

2014 COLA for UAPP Pensioners is 0.72%

The 2014 cost‐of‐living adjustment (COLA) for pensioners who retired prior to January 1, 2013 is 0.72%. For persons who retired in 2013, the COLA increase is prorated based on the number of complete months the person was on pension in the year. The increase is applied to the base pension, including any bridge benefit that is being paid. COLA is not applied to any coordination amounts. The COLA increase will be included with the January 2014 payment.

The COLA is set at 60% of the increase in the Consumer Price Index (CPI) (Alberta) as reported by Statistics Canada. The CPI increase for the relevant period was 1.20%. The percentage increase in CPI is derived by comparing the average CPI for the 12 months ending in October 2013 with the corresponding figure for the previous year.

Tax withholdings starting in January will reflect the 2014 rates applicable to the province or country of the recipient’s residence. CIBC Mellon will be issuing 2013 T4A slips in mid‐February 2014.

CIBC Mellon can be contacted at 1.800.565.0479 (English) or 1.800.268.1629 (French). Pensioners residing in the US can contact CIBC Mellon by calling 1.800.263.4497 or writing CIBC Mellon at CIBC Mellon Pension Benefits Department, PO Box 5858, Station B, London, ON N6A 6H2.

The CIBC Mellon website www.CIBCMellon.com is also available to assist pensioners with current information, frequently asked questions, as well as the "Retiree Assistance Online Inquiry" to submit address changes, specific questions, etc.

Year's Maximum Pensionable Earnings under CPP for 2014 increases to $52,500 from $51,100 in 2013

The Canada Revenue Agency has announced that the year's maximum pensionable earnings under the Canada Pension Plan (CPP) for 2014 will be $52,500 – up 2.7% from $51,100 in 2013. The new ceiling was calculated according to a CPP‐legislated formula that takes into account the growth in average weekly wages and salaries in Canada.

The employee and employer contribution rates for 2014 will remain unchanged at 4.95% each.

The maximum employer and employee contribution to the CPP for 2014 will be $2,425.50 each, up from $2,356.20 in 2013. The basic exemption amount will remain at $3,500.00.

Maximum Pensionable Salary under the UAPP for 2014 increases to $154,250

The increase in the YMPE to $52,500 combined with the announced maximum pension benefit of $2,770.00 in 2014 for each year of service under defined benefit pension plans means that the maximum pensionable salary (sometimes called the pensionable salary cap) under the UAPP will rise to $154,250 in 2014.

In 2014, both the YMPE and the maximum pensionable salary under the UAPP is increasing by 2.7%.