University Pension Plan reports 10.3% return for 2024, raising net assets to $12.9b by year end
June 26, 2025
The University Pension Plan (“UPP”) recorded a net investment return of 10.3% in 2024, raising its net assets to $12.8 billion by year end.
In a statement accompanying the results, Gale Rubenstein, Chair of the UPP’s Board of Trustees, said the pension plan “maintained a steady course in 2024” against a difficult financial backdrop for the province’s university sector.
“These challenges were compounded by an unpredictable market environment. Taken together, they underscore just how important it is for UPP to stay resilient and adaptable, both to continue to provide safe and secure pensions for our members and for generations to follow, and to provide a trusted solution for participating employers, reducing their financial risk and administrative burden,” Rubenstein added.
Click the link below to read the annual report:
