Additional Voluntary Contributions (AVCs)

Everyone’s vision of life in retirement varies.

Peace of mind with the lifetime income and survivor benefits your OMERS pension delivers may be all you need for retirement. If you are looking for the potential to earn more, the Additional Voluntary Contribution (AVC) provision of the OMERS Primary Pension Plan could be for you.

Similar to RRSPs in many ways, funds in an AVC account are invested in the OMERS Fund, a globally diverse portfolio of high-quality investments that is committed to meeting our obligations to plan members through predictable and stable long-term returns.

Contributions to an AVC account receive the same net investment returns as the OMERS Fund. AVCs returned 11.5% in 2017. More about OMERS 2017 results. If you have an AVC account, your 2017 AVC Annual Statement is now available on myOMERS under MY REPORTS.

All members can transfer money from other registered retirement savings vehicles such as RRSPs to an AVC account up to the end of the year they turn age 70. Active members can also contribute regularly, from as low as $40 per month, via pre-authorized debit or payroll deduction if your employer offers the AVC payroll deduction option.

AVCs are a low cost investment. This helps to ensure every cent counts toward your retirement savings.

  • AVC Fact Sheet .pdf

  • AVC Guide .pdf

  • Terms of Participation .pdf

AVC catch-up payments can make a difference! 

If you started automatic contributions to your AVC account partway through 2018, or have been contributing less than your maximum amount, you can invest the remainder of your annual contribution limit through a catch-up payment. Sign in to your myOMERS account, select MY AVC ACCOUNT, then click CATCH-UP PAYMENT.  If you’re making monthly payroll deductions through your employer, contact OMERS Client Services.

More about AVCs

What are AVCs?
An AVC account is in addition to your OMERS pension. Learn about this retirement savings and investment opportunity
How do AVCs work
There are two ways to contribute to an AVC account. Learn about contributing, withdrawing funds and RRSP room
Are AVCs right for you?
Assess your understanding of AVCs Check out the quiz and member stories
For U.S. residents only: Neither the OMERS Primary Pension Plan nor the Additional Voluntary Contribution provision thereof (the AVC Option) is registered with the U.S. Securities and Exchange Commission. They are or may be offered and sold in the U.S. pursuant to an exemption from such registration. 

Note: The AVC option is not available to members who are not resident in Canada or the United States.