Responding to the needs of its membership, OMERS is developing several new features and options. These will include:
"Members have clearly expressed the need for more flexibility to purchase service, greater access to personal pension information, and the ability to invest directly in the Fund," said OMERS Chief Pension Officer, Jennifer Brown.
"Our flexible, expert pension team gives us the capacity to develop these new features. We will be sure to communicate full details as they are finalized."
The private-sector purchase option and the AVC concept were approved by the OMERS Sponsors Corporation (SC) in 2009. Online access for retirees and deferred members will be the latest phase in the introduction of the myOMERS secure online tool.
Timeline: Effective March 1, 2010
Timeline: Available July 2010
Timeline: Being developed for launch on January 1, 2011