OMERS Sponsors Corporation (SC), which represents active and retired members and employers, approved two plan changes in a meeting on June 28, 2012.
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.
Ontario employees who are reservists in the Canadian Armed Forces and who are deployed to an international operation or an operation in Canada that is providing assistance in dealing with an emergency or its aftermath are entitled under the Employment Standards Act, 2000 to an unpaid leave for the time necessary to engage in that operation (effective December 2007). During this time, their jobs are protected. The OMERS Sponsors Corporation (SC) is considering a plan change that would allow members and employers to share the cost of purchasing this leave period in the OMERS pension plans.
TORONTO (February 24, 2012) -- OMERS, one of Canadaâs largest pension plans, ended 2011 with an all-time high of $55.1 billion in net assets. Net assets of the Plan, which administers pensions and invests pension assets for almost 420,000 members, have increased by almost $12 billion since the 2008 global credit crisis.
OMERS announced that pensions will increase by 2.84% as of January 1, 2012. This increase reflects the change in the cost of living as reported by Statistics Canada in the Canadian Consumer Price Index (CPI).
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