Following 12 days of rotating strikes by the Canadian Union of Postal Workers (CUPW), Canada Post has suspended operations across the country. Mail and parcels will not be delivered.
Ian Kinross, Director, Pension Communications and Education at OMERS, explains how innovations such as Additional Voluntary Contributions (AVCs) and the online myOMERS portal are helping a wave of baby-boom employees transition to retirement.
OMERS periodically uses telephone surveys to ask our active members, retirees, and employers for feedback. We do this so that we can continually improve the quality of our services and also provide an opportunity for you to share your concerns or compliments.
Today, OMERS announced its net assets rose to $53.3 billion as of December 31, 2010, up from $47.8 billion the year before. The total rate of return in 2010 was 12.01 per cent, compared to 10.6 per cent in 2009. The Plan's growth in net assets for 2009 and 2010 combined was $9.9 billion.
The 400,000 members of one of Canada's largest pension funds now have an even better way to fund their retirement. Not only will OMERS members receive a top drawer pension, they can also add cash they've saved in their RRSPs into the mix.
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