By-Laws & Policies
The governance structure of the Corporation itself is defined in a number of corporate by-laws and policies, which are reviewed and updated as required and to provide a best practice foundation.
Other by-laws may be created from time to time and will be posted here.
Final approval, implementation and amendment dates are listed in the body of each by-law, policy and/or within relevant schedules and appendices.
By-Law No. 2 outlines the general guidelines relating to the conduct of the business and affairs of the SC. Last Approved: November 14, 2019
By-Law No. 3 outlines the borrowing, banking and investment requirements and procedures to be followed by the SC. Last Approved: December 13, 2017
By-Law No. 4 outlines the composition of the SC, including definitions of Employer Members, Employee Members and Member Groups, as well as terms of appointment, removal, resignation, and voting. Last Approved: May 19, 2020.
By-Law No. 6 outlines SC and AC Board Member compensation and guidelines for reimbursement of expenses, and SC Board Member expense and education policies. Last Approved: February 25, 2020
By-Law No. 9 outlines the composition and charters of certain committees of the SC; including the Audit Committee, Corporate Governance Committee, Human Resources and Compensation Committee, Plan Design Committee and Risk Oversight Committee.
By-Law No. 12 outlines the protocol for proposing specified changes to the OMERS Plans, approval and rejection procedures, and mediation and arbitration guidelines. Last Approved: December 12, 2018
By-Law No. 13 outlines the composition of the AC Board, including nominations, appointments, voting and removal. Last Approved: February 25, 2020
By-Law No. 10 provides a mechanism for collecting a fee (in the form of a flat rate levy) from Plan employers and active members to fund Corporation costs that may not be lawfully paid out of a pension
By-Law No. 20 provides that the SC Board will enact an amended and restated Primary Plan Funding Management Statement and Contribution Allocation Policy, effective June 24, 2020. It also provides for the Board’s determination of the inflation adjustment.
By-Law No. 24-01 sets the methodology and conditions for making annual changes to the allocation threshold. Approved: December 10, 2014.
By-Law No. 28 outlines the approval of the SC Statement of Plan Design Objectives and Strategy as it pertains to the RCA. Last Approved: June 23, 2015
The Confidentiality Policy is intended to provide a high level of transparency and accessibility where appropriate, with the SC Board as a whole determining the appropriate level and timing of disclosure of information. Approved: November 14, 2019