The building blocks of your OMERS pension
The building blocks of your OMERS pension
OMERS pension formula
Survivor benefits
Procedure in the event of your death
The building blocks of your OMERS pension
Your OMERS pension has two components:
- a lifetime pension, plus
- a bridge benefit if you retire before age 65.
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OMERS lifetime pension |
OMERS bridge benefit |
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All members are entitled to receive an OMERS lifetime pension that includes inflation protection and excellent survivor benefits.
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If your lifetime pension starts before age 65, you are entitled to the OMERS bridge benefit. This temporary benefit helps “bridge” your OMERS pension until age 65, when your Canada Pension Plan (CPP) is expected to begin. Your bridge benefit:
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OMERS pension formula
The formula used to calculate your OMERS lifetime pension plus bridge benefit to age 65.
Survivor benefits
Along with your pension, OMERS provides excellent survivor benefits, including benefits for your eligible spouse and children.
Procedure in the event of your death
Designate someone to contact OMERS Client Services immediately in the event of your death, or write to us. We’ll need to know:
- your name;
- your OMERS reference number or social insurance number;
- your former employer’s name;
- your date of death;
- whether you have a surviving spouse or eligible children; and
- the name and phone number of someone we can contact for more information.
There is no substitute for having your affairs in order. Let your survivors know where your important papers and documents are to save them additional stress if something happens to you.