OMERS will prepare a FSCO Family Law Form 4 – Statement of Family Law Value (FLV) within 60 days of receiving a completed application. This document details the value of pension assets accrued during the relationship and the maximum amount that OMERS can be directed to pay your former spouse if your pension is divided.
Do you have more than one OMERS membership? If you have separate memberships with different OMERS employers or even with the same employer, either at the same time for different jobs or for a different period of employment, a separate Statement of FLV will be provided for each membership. Each membership is identified by the final two digits in the member’s membership number (e.g., -01 or -02) found in Part C of the FSCO Family Law Form 4. Each membership will have its own FLV as a separate piece of property for equalization purposes. The membership status may also be different (e.g., former member or retired member status) so the form types may be different.
Q: Who receives a copy of the Statement of FLV?
A: Both the member and the former spouse (married or common law) will be sent a copy, regardless of who applied. If either spouse has assigned a contact person (by completing FSCO Family Law Form 3 - Contact Person Authorization), only the contact person will be sent the statement.
Q: What FSCO form is used?
A: Depending on the member’s status at the FLV Date, either Form 4 B, D, or E will be used. Members with more than one OMERS membership will receive a Statement of FLV for each membership.
Q: Does the reported FLV include all OMERS benefits?
A: No. The FLV does not include benefits under the Retirement Compensation Arrangement (RCA) for the OMERS Primary Pension Plan or the member’s Additional Voluntary Contribution (AVC) value as at FLV Date. For more about the RCA and AVCs see the information at the bottom of this page.
Submitting an incomplete application WILL significantly delay the process. Top 5 Reasons for Delays
Frequently Asked Questions
FSCO Family Law Forms Reference Guide
Glossary of Terms