UNB Academic Employees Pension Plan

The UNB pension plan for Academic Employees is designed to pay you a monthly income for life after you retire. The amount of pension you eventually receive from the plan depends on your years of service, salary and age at retirement.

The plan is administered by a joint Board of Trustees with equal representation from the Association of University of New Brunswick Teachers and the University of New Brunswick. Costs are shared 50-50 between employees and the University, including any ongoing actuarial surplus or deficit. The powers and responsibilities of the Board are set out in the plan's legal documents. The day-to-day operation of the plan is handled by Human Resources.

The topics on the right gives a summary of the UNB plan in simple terms. It isn't a legal document and doesn't cover every detail, but it does give you the basic facts. We have tried to provide an accurate description of your pension benefits. However, if there is a discrepancy between the information in this guide and the legal documents, the legal documents will govern.

Relevant Legislation

Income Tax Act
New Brunswick Pension Benefits Act
New Brunswick Public Service Superannuation Act

Pension Related Sites

Canada Pension Plan
Old Age Security 

Pension Board of Trustees site (login required)