Purchasing a Leave Period
When you return from a leave period, you may be able to purchase the period to add to your OMERS credited service. Your employer will provide you with your options and calculate the cost for you.
The decision to purchase a leave period is up to you. Weigh the cost of the purchase against how much it will increase your OMERS Plan pension. If you prefer, talk to a professional financial adviser. For an estimate of what your pension will be – with or without purchasing the leave period – please contact .
Cost and payment
The cost of purchasing a leave period is based on the contributions you and your employer would have been paying during the period.
For some types of leave periods, your cost is single contributions (matched by your employer). For example:
emergency, family medical, and organ donor leave periods; and
reservist leave period of postponement.
If you choose not to purchase this type of leave, the period will still count as OMERS, and would be used to calculate theadjustment.
For other types of leave periods, your cost is double contributions (your share plus your employer's share). For example:
authorized leave of absence;
legal strike or lockout; and
If you choose not to purchase this type of leave, the period will not count as OMERS eligible service.