OMERS Facts

A look back on 2007…

OMERS membership continues to grow. At the end of 2007, membership grew to over 380,000, 2.2% more than 2006.

There are more than:

• 242,000 active members working for 910 employers; and
• 103,000 retired members and survivors receiving pension benefits.

The number of retirees continues to rise as the baby boom generation retires or approaches retirement. This year will be the first time outside of the contribution holiday that our pension payments are expected to exceed contributions to the Plan.

Membership Facts  

ACTIVE MEMBERS BY AGE AND GENDER
Age group	Males	Females	Total
Under 30	9,571	10,429	20,000
30 – 39	24,894	27,534	52,428
40 – 49	39,425	45,871	85,296
50 – 59	31,559	38,177	69,736
60 and older	6,525	8,173	14,698
Total Members	111,974	130,184	242,158
The 50 – 59 and 60-and-older age groups account for 35% of active members. If they chose to, many of these members could be retired by 2012. The 40 – 49 age group also accounts for 35% of members. Many of these members could be retired in 15 years.

ACTIVE MEMBERS BY AGE AT YEAR-END
Age group	2007		2005		2003
Under 30	20,000	8%	20,015	9%	19,406	9%
30-39	52,428	22%	52,407	23%	53,350	25%
40-49	85,296	35%	84,706	37%	80,404	37%
50-59	69,736	29%	63,124	27%	55,448	25%
60 and older	14,698	6%	10,484	4%	8,985	4%
Total Members	242,158		230,736		217,593
In 4 years, total membership has grown by 11%, or 24,565. From 2003-2007, part-time members have made up 23-24% of the total active membership.

Contributions and benefits

Contributions received in 2007 totaled $1.9 billion, compared to $1.8 billion in 2006. The increase reflected membership growth and increased members’ salaries.

In 2007, retirement and other pension payments totaled $1.8 billion, an increase of $0.1 billion over 2006. The increase reflected new retirements, the adjustment of benefits for inflation and higher pension values for new retirees compared with those already receiving benefits.

PENSIONS BY TYPE
Normal retirement	23,027
Early retirement	58,673
Disability pension	2,524
Spouses and children	19,214
Total pensions	103,438
Of the 81,700 retirement pensions in pay, 72% are for early retirement.

GROWTH IN NUMBER OF PENSIONERS

 

RETIRED MEMBERS* BY AGE
Age group	% of total
60 and under	17%
61 – 70	41%
71 – 80	29%
81 – 90	12%
91 and older	1%
By year-end 2007, OMERS had 1,022 retired members age 91 or older. *Not including spouses and children; including disability pensions.

Employer Facts

EMPLOYERS BY TYPE

MEMBERS BY EMPLOYER TYPE

Providing leading pension services to our members

CLAIMS RECEIVED IN 2007
Claims received	Retirement claims	Retirement estimates	Termination claims	Pre-retirement Death	Disability claims
Total	4,562	13,833	7,954	424	2,605

• Client Services received 96,591 calls in 2007, compared to 93,512 in 2006;
• 2007 Service Standards statistics:
• Initial claims turnaround time met or exceeded target of 3 business days for all key business activities;
• Incoming calls resolved at first point of contact met or exceeded target of 90%;
• Answering incoming calls to client services within 100 seconds met or exceeded target of 80%.

• Communicating to members
• Our website had 638,000 visits in 2007, an increase of 5% over 2006;
• We made over 1,100 on-site visits at member information and pre-retirement sessions, employer training and support visits;
• We issued 98% of all annual pension statements to members by June 30, 2007, which exceeded our target of 90% in that time frame.

Supporting employers through e-access

• Our e-access enables employers to look up member information, check the status of an event, process forms and submit membership data over a secure online service.
• e-access continued to extend its reach in 2007. Over the course of the year, 89% of key employer forms were received through e-access, compared with about 87% in 2006 and about 79% at the end of 2005.