The OMERS Sponsors Corporation (SC) annual process to review contribution rates and consider benefit change proposals concluded on June 25. None of the proposals received the required two-thirds majority vote. As a result, there are no changes to OMERS contribution rates or benefits in 2014.
Through the annual Specified Plan Change (SPC) process, benefit and contribution rates change proposals from OMERS members, sponsors and stakeholders are considered.
The SC heard and appreciates the input received from a variety of stakeholders and is looking at ways to enhance its communications. The SC will continue to carefully monitor the Plan's funding outlook, and to make any decisions on changes through its annual planning cycle.