Minimum Value Guarantee

The Supplemental Plan benefit includes a minimum value guarantee – this ensures the total benefits paid from the plan (to the member or on the member's behalf) will be at least equal to the member's Supplemental Plan contributions plus interest, minus any contributions previously refunded. If the member's benefit is less than their Supplemental Plan contributions plus interest, OMERS will refund contributions plus interest. 

Supplemental Plan benefits are not automatically provided. Employers can set up Supplemental Plan coverage for a class or classes of members in the police sector, firefighters and paramedics.