On January 8, 2020, OMERS announced the consolidation of the Metropolitan Toronto Pension Plan (Metro Plan) into OMERS. The Metro Plan is one of the pension plans managed by the City of Toronto.
This is the fourth plan managed by the City of Toronto to do so. Throughout 2019, The Corporation of the City of York Employee Pension Plan, The Toronto Civic Employees’ Pension Plan and The Metropolitan Toronto Police Benefit Fund were successfully consolidated into OMERS.
These consolidations will not impact existing OMERS members’ benefits or contribution rates.