University of Victoria Money Purchase Pension Plan

University of Victoria Money Purchase Pension Plan (University of Victoria MPP) is a single-employer defined-contribution corporate pension based in Victoria, Canada. University of Victoria MPP was established in 1991 for the members of the faculty and administrative and academic professional staff holding term appointments or regular (continuing) appointments of 50% or more of full time, but less than full time and for assistant teaching professors and lecturers. The plan provides retirement and pension benefits to the employees of the University of the Victoria, an educational institution. The pension board is responsible for the management and administration of the pension assets, which consists of eight members.