Retired Member Newsletter

Meeting your needs with the Additional Voluntary Contributions (AVC) Income Option

Under the AVC Income Option,

Under the AVC Income Option, you can now leave your non-locked-in funds in an AVC account after the year in which you turn age 71.

The AVC Income Option is easy and seamless. Any non-locked-in funds that you have in your AVC account on December 31 of the year you turn age 71 will remain in your AVC account. Starting with the year you turn 72, you must withdraw a minimum amount in cash every year, and your optional withdrawals must also be in cash. Aside from these changes, your AVC account will be managed as it was before, and you will receive the OMERS Fund rate of return on your investment.

The rules do not change for locked-in funds: locked-in funds must still be withdrawn by October 31 of the year you turn 71. However, OMERS is advocating for the necessary legislative changes to allow the AVC Income Option to apply to locked-in funds as well.

For more details on AVCs and the AVC Income Option, visit

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