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University Pension Plan is pleased to support the Financial Services Regulatory Authority (FSRA)-led Pension Awareness Day for a third consecutive year. This campaign highlights the value of pensions and their role in expanding retirement security.
We’re also excited to announce our role as a founding member of the National Institute on Ageing’s Pension Centre of Excellence (PCE), which launched earlier this week. The PCE is a national non-partisan, research-informed knowledge exchange platform connecting UPP and other thought leaders to address the challenges and opportunities facing Canada’s retirement income system.
Statistics Canada data indicates nearly seven million Canadians are members of a registered pension plan. Of those, roughly two-thirds are in defined benefit (DB) plans such as UPP. By continuing to expand workplace pension coverage, plans like ours are adding value for plan members, employers and the Canadian economy.
UPP’s President and Chief Executive Officer
DB pension plans like ours stimulate the economy. A 2024 report published by the Conference Board of Canada and commissioned by UPP, the Healthcare of Ontario Pension Plan (HOOPP), and OPTrust highlights the significant impact DB pension payments have on not only the more than one million Ontario pensioners receiving them, but the broader economy.
“Defined Benefit Pension Plans: Supporting Ontario’s Economy” finds that:
*Excluding public sources of retirement income.
We’re here for our 41,000 UPP members every step of the way. A survey of 1,733 UPP members told us that members want easy and secure access to their pension information, along with a personal 1:1 connection during moments that matter to them. Our Member Service team is dedicated to meeting these needs.
“Growth in our capabilities and in our membership is an integral part of UPP’s path forward. The last couple of years have shown us that UPP has a role to play in increasing access to pensions and serving the university community.”
UPP’s Chief Pension Services Officer
As members of UPP, university sector employees can depend on monthly retirement income for life. And UPP pensions are designed to adjust to inflation – so, as the cost of living increases, members can rest easier knowing their pension payments will also adjust by up to 75% of CPI increases (subject to funding conditions). In 2025, UPP retired members, survivors and dependents saw an increase to their pensions accrued under UPP provisions of 2.03%. Learn more about the value of UPP membership.
UPP enables employers across the university sector to offer strong DB pensions as a key lever of talent attraction and retention, with high pension value relative to plan costs. Find out how to join UPP.
Membership in UPP also means:
UPP is open to all university sector employers. Over the past year, the Association of Professors of the University of Ottawa (APUO), the Ontario Confederation of University Faculty Associations (OCUFA), the Trent University Staff Pension Plan, and Victoria University Pension Plan have joined UPP – with more growth on the horizon.
Media Contact
Kelly Conlon
Managing Director, Strategic Communications and External Relations
[email protected]
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