SBAI Welcomes New Stakeholder: University Pension Plan Ontario (UPP)
University Pension Plan Ontario (UPP)
University Pension Plan Ontario (UPP) is a jointly sponsored, defined benefit pension plan designed by and for Ontario’s university sector.
After more than a decade of collaboration and effort between university unions, faculty associations, administrators, and other staff groups, UPP launched on July 1, 2021, with three founding universities: University of Toronto, Queen’s University, and University of Guelph. Today, they manage $11.8 billion in pension assets and serve over 37,000 working and retired members across 16 participating organizations.