Employers must offer membership to those employees who have optional membership when they first become eligible and failure to do so can result in a costly omission period. Have you offered membership to all your eligible other-than-continuous full time (OTCFT) employees?
Membership should be offered within 60 days of year-end. If you have not already started, it is time to determine whether your OTCFT employees, who are not enrolled in the OMERS Plan, qualify (or will likely qualify) as of January 1, 2019.
For 2019, the eligibility test established by the Pension Benefits Act is based on earnings/hours for 2017 and 2018.
Go to tools and resources for offering membership
Let’s review the rules and process for offering voluntary enrolment together – it is important!
Sign up for the Offering Voluntary Enrolment – Pension Benefits Act (PBA) Rules virtual workshop. You will learn:
- How to accurately determine if an employee qualifies for voluntary enrolment.
- How and when to offer OMERS membership.
- OMERS resources to help you and to educate and inform your employees.
Register now! Be sure to check out the full schedule – there may be other workshops of interest to you.