Planning for retirement is easier than ever with the improved Retirement Income Estimator, a retirement planning tool for members available on myOMERS - our secure member site.
"We encourage our members to sign up on myOMERS and use the Retirement Income Estimator for their retirement planning," says Ivana Zanardo, Senior Vice President, Pension Operations. "This is an excellent service that allows members to take charge of their financial future."
The original Retirement Income Estimator in the Members section on the website will no longer be available after July 31.
Features of the new Retirement Income Estimator include:
In the future, members will have the ability to also add in personal savings to their estimates. This includes the ability to add AVCs (additional voluntary contributions), a new savings opportunity being launched Jan.1, 2011.
The response to the new Estimator has been positive. One member wrote, "This is a great product for employees. It is nice for a member to have the ability to get a pension estimate any time at the click of a few buttons."