Budget & Expense Management
The OMERS Sponsors Corporation (SC) continued to explore practical alternatives for establishing permanent funding arrangements given that that unused grant funds were returned in March (see February 19
The SC received an initial report on several issues and ideas contemplated under the 2015 strategic planning exercise. Direction was provided to management but the SC was not asked to make decisions at this early stage.
Ontario Retirement Pension Plan (ORPP)
The SC received additional reporting related to the ORPP. The focus of the reporting was the potential implications for OMERS if the ORPP was applied ‘universally’ without the exemption for comparable plans as had previously been communicated.