The pension plan tailored by and for Ontario’s university sector.

To members today and generations of university employees to come

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.

Today, we proudly serve over 39,000 working and retired members across four Ontario universities and 12 sector organizations and manage $10.8 billion in pension assets. Contributions to the Plan are funded equally by members and employers.

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

Our purpose is to bring greater retirement peace of mind to the university sector by investing with integrity and serving members with care.
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.


We understand the gravity of our responsibilities and approach every decision and relationship with accountability, transparency, and respect.


We will embrace the diversity and dignity of our members, Joint Sponsors, partners, and team in all interactions and relationships.


We will adapt and evolve in a changing world, embracing new ways to deliver enhanced value and performance excellence.


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.

2022 at-a-glance

At December 31, 2022




Net assets


Total pension benefits paid in 2022




Participating universities


participating affiliate organizations

*On a smoothed asset basis

Building a resilient future

Committed to achieve a net-zero portfolio by 2040 with ambitious interim targets

Barbara Zvan, President and Chief Executive Officer

“At UPP, we know that every team member is deeply connected to our purpose of bringing greater retirement peace of mind to the university sector by investing with integrity and serving members with care. This shared purpose unites and motivates the team, creating the foundation for a thriving and inclusive culture.”

Gale Rubenstein, UPP Board Chair
“With a strong groundwork laid, we will continually adapt and innovate in service of our members and the promise of a bright new future under UPP. That promise extends to our broader impact on the world, as we take proactive steps to position the Plan for sustainable long-term growth.”


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