OMERS periodically uses surveys to ask members how we can improve our tools and processes to continue to meet their needs.
On February 22, OMERS announced its 2012 results and the annual rate of return was applied to AVC accounts.
OMERS Sponsors Corporation (SC) recently approved changes to Additional Voluntary Contributions (AVCs). The changes provide more flexibility for participants and will give OMERS employers the option to offer payroll deductions for AVCs.
Inflation protection is an important feature of OMERS pensions. Each January, OMERS pensions increase by the average increase in the Consumer Price Index (CPI), to a maximum of 6%. If this figure is greater than 6%, the excess would be carried forward to the next year.
OMERS Sponsors Corporation (SC), which represents active and retired members and employers, approved two plan changes in a meeting on June 28, 2012.