Test Your Knowledge

September 25, 2018

What Do You Really Know About Your OMERS Pension?

  1. Question 1/5

    True or false: The OMERS Pension Plan is a defined benefit pension plan.

    You chose:

    The OMERS Pension Plan is a defined benefit pension plan, which means you can expect a predictable monthly income for life. 
    The OMERS Pension Plan is a defined benefit pension plan, which means you can expect a predictable monthly income for life. 

  2. Question 1/5

    True or false: Your OMERS pension will only be paid until you pass away.

    You chose:

    Your OMERS pension is paid for your lifetime. When a retired OMERS member dies after their OMERS pension has started, survivor benefits are payable.
    Your OMERS pension is paid for your lifetime. When a retired OMERS member dies after their OMERS pension has started, survivor benefits are payable.

  3. Question 1/5

    True or false: As an OMERS member, your pension contributions are matched by your employer.

    You chose:

    Your pension contributions are matched dollar-for-dollar by your employer. These contributions will fund a portion of your pension, with the remainder funded by investment earnings. In the last 20 years, about 2/3 of the growth in Plan assets has been from investment earnings.
     
    Your pension contributions are matched dollar-for-dollar by your employer. These contributions will fund a portion of your pension, with the remainder funded by investment earnings. In the last 20 years, about 2/3 of the growth in Plan assets has been from investment earnings.

  4. Question 1/5

    True or false: Your OMERS pension is calculated based only on your earnings.

    You chose:

    Your OMERS defined benefit pension is calculated based on your earnings and years of service.
    Your OMERS defined benefit pension is calculated based on your earnings and years of service.

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