OMERS Facts 

At OMERS, we are accountable to our members for a secure pension.

  • OMERS is funded through the contributions of members and employers, and through net investment returns.
  • Member contributions are, on average, 10.7% of their earnings – matched equally by employers. Contribution rates in 2017 will not change.
  • The average annual pension for OMERS members who retired in 2016 was $29,600.
  • As life expectancy continues to increase, on average, an OMERS member retiring in 2016 can expect to live to age 88. That means a potential total pension received of approximately $770,000, plus any pension payable to a surviving spouse.
  • Our pensions are backed by $85.2 billion of high-quality, well-diversified assets.
  • In 2016, OMERS achieved a net investment return of 10.3%, and a five-year annualized net investment return of 8.5%, consistent with our objectives.
  • The funded ratio, a key indicator of the long-term health of the Plan, increased to 93.4% at the end of 2016, up from 91.5% in 2015. The Plan’s funded ratio improved in 2016 for the fourth consecutive year. OMERS remains on track to achieve full funding by 2025.
  • To reduce funding risk, OMERS reduced the Plan’s real discount rate (net of inflation) from 4.25% to 4.20%, effective December 31, 2016.
  • A lower real discount rate can help absorb the impact of potential funding stress, such as a future financial crisis. In such a situation, OMERS could raise the discount rate to stabilize the funded status of the Plan, and mitigate the negative impact on benefits and contribution rates.