Learn about and manage your OMERS defined benefit Pension Plan
Learn about the OMERS Plan and the strategy that drives it.
Learn about how OMERS invests.
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2020 Plan Review Update and COVID-19 Amendments
Eligible members now have two ways to apply for a cost to buy service:
1) Members can use the improved Buy-back Calculator on the myOMERS secure member site.
The improved Buy-back Calculator now produces a personalized buy-back package (saved on myOMERS for 6 months). The package includes:
The buy-back package is valid for 6 months. After 6 months, the cost expires. If the member still wishes to buy service, they can use the Buy-back Calculator to get a new buy-back package which would again be valid for 6 months.
2) Members can phone OMERS Client Services.
The OMERS Client Services representative will confirm the member’s identity, and then help with the request for a buy-back package. The package will be sent by mail, and an electronic copy is saved in the member’s myOMERS account for 6 months if the member has a myOMERS account.
Previously, before a cost would be calculated:
With the new process: