News

Phase II of City of Mississauga Judicial Inquiry gets underway

August 11, 2010

The City of Mississauga Judicial Inquiry is now in its second phase. During this phase it is dealing with issues in connection with the acquisition by the City of approximately 8.5 acres of land in the city centre, of which OMERS was a part owner through its real estate division, Oxford Properties. OMERS is one of six applicants granted full standing at the judicial inquiry into governance practices in the City of Mississauga. OMERS is participating as a witness to the Inquiry and will continue to protect its interests and reputation as we move through this process.

Witnesses representing OMERS activities are again scheduled to testify during this phase. This testimony will demonstrate OMERS continued commitment to act in the best interest of our members in everything we do. We will continue to vigorously defend OMERS interests and reputation as we move through this process and will do all we can to support a timely resolution to this Inquiry. OMERS members can rest assured that all of our dealings with the City have been carried out to the highest standard, always protective of the interests of our plan members, including the 17,000 OMERS pension plan members who live and / or work in Mississauga.

In light of the fact that the Inquiry is likely to receive media coverage as this phase proceeds, various news reports may raise questions for OMERS Plan members. If you have such a question or concern about any issue or innuendo raised at the Inquiry that calls our activities into question, please feel free to contact John Pierce, Vice President of OMERS Corporate Communications at 416-350-6784 or by e-mail at jpierce@omers.com. He would be pleased to provide the facts in the matter.