For current information and support regarding the University Pension Plan, visit the Human Resources website.
Your University Pension PlanPlease note that QPP historical monthly and year-to-date net returns (after fees) will no longer be updated after June 30, 2021, as the University Pension Plan (UPP) has formally assumed responsibility for administering the pensions and investing the assets of its predecessor plan. Due to the complexity of the consolidated fund return calculation on and after July 1, 2021, UPP will publish the annual fund return each year in its annual report and financial statements. Increases to pensions in pay will continue to be communicated in the fall each year.
For more information, please visit the Human Resources Pension Services page.
Pension Plan Fund rate 13.95% through June 2021
Global equity markets continued to post solid gains in June, resulting in another positive return of 1.83% (net of fees) for the month. Overall performance however was mixed – returns were 39 basis points (0.39%) below the Fund’s benchmark return for the month but 592 basis points (5.92%) above benchmark for the 12-month period ending June 30, 2021.
The net return after the final ten months of the 2020-21 plan year – and prior to the conversion to the UPP effective July 1st – is 13.9492% (September 1, 2020 through June 30, 2021). Note that the current investment return is used to determine final values for members who decide to initiate pension benefit payments as well as for those who elect to transfer their account balances following termination or retirement (active and deferred member balances are updated once each year based on the fund rate of return following the end of the plan fiscal year).