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 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.