The OMERS Act, 2006 outlines OMERS governance model. The Plan Text governs how the OMERS pension plans are administered. This section provides summaries and links to relevant documents.
The Ontario Municipal Employees Retirement System Act, 2006 (OMERS Act, 2006) was proclaimed into force on June 30, 2006, and established a new independent governance model for OMERS.
View the Ontario Municipal Employees Retirement System Act, 2006
The OMERS Review Act sets out terms and conditions for which the OMERS governance model will be evaluated for the efficiency and effectiveness of the decision-making process. At some point prior to January 1, 2012, the Government of Ontario will consider its legal obligations defined under the OMERS Review Act, 2006. In the meantime, the OAC and SC Boards in 2011 have begun a joint internal evaluation of OMERS decision-making processes in anticipation of this mandatory review. With the assistance of a third-party independent external advisor, both Boards are undertaking a joint internal review which will assess the adequacy of the OMERS model for rendering decisions, and any improvements or issues may be considered for discussion with the government at the time of the mandated review required in the OMERS Review Act. This is a serious area of responsibility for the OMERS Boards and the intention is that both Boards will be prepared, from the perspective of the sitting Directors, for the kinds of information the government may be seeking in its review as mandated by the OMERS Review Act.
View the Ontario Municipal Employees Retirement System Review Act, 2006
Under the OMERS Act, 2006, the pension plan that was governed by the old Ontario Municipal Employees Retirement System Act prior to June 30, 2006 is continued as the OMERS Primary Pension Plan (Primary Plan).
View Primary Plan text (amended and restated January 1, 2011) [381 KB]
The OMERS Supplemental Pension Plan for Police, Firefighters and Paramedics (Supplemental Plan) came into effect on July 1, 2008. The Supplemental Plan is a separately funded, stand-alone registered pension plan that offers optional benefits that are not available under the Primary Plan. More information on the Supplemental Plan.
View Supplemental Plan text (amended and restated January 1, 2011) [704 KB]
The Retirement Compensation Arrangement for the OMERS Primary Pension Plan (RCA) is a separate arrangement that provides benefits to members of the Primary Plan whose earnings exceed the benefit limits that may be provided under a registered pension plan under the Income Tax Act (ITA).
View RCA text (amended and restated June 30, 2007) [101 KB]