Skip to main content

Sponsors Corporation

Important Updates

2020 Plan Review

Following the 2020 Plan Review process, on June 24, 2020, the OMERS Sponsors Corporation Board (SC Board) approved five amendments to the OMERS Primary Pension Plan (Plan).

Every year, the SC Board reviews the health and viability of the Plan to ensure it remains sustainable, affordable and meaningful for the OMERS community. Based on the recent review, the SC Board approved the following amendments. The first three amendments were considered because of the exceptional circumstances presented by the COVID-19 pandemic and are effective immediately. The final two amendments were considered as a part of the annual Plan review and are not effective until January 1, 2023:

  • extending leave purchase deadlines;

  • reducing or eliminating the 36-month employment requirement for purchases of periods of reduced pay;

  • permitting temporary layoffs as purchasable service;

  • non-full-time expansion; and

  • Shared Risk Indexing.

Learn more