We start producing your
Pension Report once we receive your employer's year-end information. We usually send out
Pension Reports in spring through to summer. If yours is late, please contact your employer or OMERS.
We run your employer's year-end information through checks before we print the Pension Reports, and some files can take longer to sort out. Also, we have 900 employers who send us their year-end information at different times - which means that some other employers, and their members, may get their Pension Report before you do.
It depends on what type of member you are. If you're an…
- active member - (currently working for an OMERS employer): you'll get your Pension Report through your employer, or you may get it mailed to you directly.
- inactive member (either you kept your pension in OMERS when you left your employer, or you've been transferred to another plan but your pension hasn't yet): we mail your Pension Report directly to you.
- disabled member (on an OMERS disability waiver): we mail your Pension Report directly to you.
OMERS collects information from employers on an annual basis. The
Pension Report you receive this year reflects your information on our records as at year-end (December 31) of the previous year.
No; this is the earliest date you can retire with no reduction to your pension. You may be able to retire before then with a reduced pension provided you within 10 years of your normal retirement age (age 55 for normal retirement age 65, or age 50 for normal retirement age 60).
No, they don't. This figure only includes your contributions plus interest. However, your employer does pay a matching amount.
When calculating your pension, we always use your highest 60 consecutive months of contributory earnings. Therefore, if you only see (for example) 10 months in 1998, then you will see 2 months in another year, which will complete your best 60.
We do not change enrolment dates when you purchase this type of service. However, the period of time between these two dates will be included in your total credited service.
Although we only record your hire date with your current employer, we keep track of all your service. Any service you had with a previous OMERS employer stays on our records, and is included in your pension entitlement.
There could be several reasons. The most common is…
You may have worked for a previous OMERS employer. When you left, we would have mailed you an election form that outlined all of your termination options.
- If you elected to transfer your pension benefit to your new OMERS employer, we would have merged your service from both employers together. It will appear as one total amount.
- If you haven't told us what you want to do with your pension benefit, the credited service you earned with your previous employer won't appear on your Pension Report. If this is your situation, please contact OMERS Client Services
Your employer reports your contributory earnings to us. Certain income - such as overtime pay - is excluded from the contributory earnings your employer reports. If there's another reason why the earnings on your
Pension Report aren't correct, please contact your employer.
Changing your beneficiary information is simple. Ask your employer for a
Form 206 - Beneficiary information (or
print one
). Follow the instructions on the form and don't forget to sign before your employer returns it to us. Once we receive the form, we will update your record and send you a confirmation slip through your employer.
