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A pension promise spanning generations
To members today and generations of university employees to come
About UPP
University Pension Plan was created with the vision of a strong sector-wide defined benefit pension plan to guarantee sustainable pensions to members – now and for generations to come.
As of year-end 2024, we proudly serve over 41,000 working and retired members across five Ontario universities and 14 sector organizations and manage $12.8 billion in pension assets.
UPP is designed for growth, our doors are open to all employers and employees within Ontario’s university community
As proud UPP members ourselves, we are deeply connected to our purpose
Purpose
Our purpose is to bring greater retirement peace of mind to the university sector by investing with integrity and serving members with care.
Vision
Our vision is to be the trusted pension plan for the university sector and a partner of choice in shaping a resilient financial, social, and environmental future.
Our core values define who we are and how we work with intention each day.
Integrity
We understand the gravity of our responsibilities and approach every decision and relationship with accountability, transparency, and respect.
Inclusivity
We will embrace the diversity and dignity of our members, Joint Sponsors, partners, and team in all interactions and relationships.
Ingenuity
We will adapt and evolve in a changing world, embracing new ways to deliver enhanced value and performance excellence.
Impact
We will foster a financially, socially, and environmentally resilient future for members in all we do, aligning with like-minded partners to amplify our impact.
UPP at-a-glance
102%
Funded with a $0.2B surplus1,2
$12.8B
Net assets up from
$11.7B in 20232
10.3%
Annual rate of return2
$564M
paid in pension benefits2
41,000+
Members
19
Participating organizations
1On a smoothed asset and market value basis. 2As at December 31, 2024.
Barbara Zvan, President
and Chief Executive Officer
“At the heart of UPP’s mission is a deep commitment to meet the pension needs of those who support Ontario’s university sector—from faculty and staff to researchers, administrators, and all who dedicate their careers to advancing higher education. Every step we take is grounded in our responsibility to this community—to serve with care and deliver secure, stable lifetime pensions.”
Gale Rubenstein, UPP Board Chair
“UPP maintained a steady course in 2024—achieving strong investment returns, maintaining full funding, and keeping contribution rates stable. I’ve seen firsthand how UPP has met each challenge—and embraced each opportunity—with the same unwavering commitment to members that has guided us since day one.”
- © 2025 University Pension Plan