Medium-Service Member

The charts below compare a medium-service employee’s estimated pension under the current and proposed plans at three key ages: 55, 60 and 65. 
  • The dark blue bars represent the lifetime pension provided under the current plan – and the light blue bars represent the bridge benefit payable to age 65.
  • The bright orange bars represent the lifetime pension provided under the proposed plan – and the fainter orange bars represent the bridge.
  • The grey bar segments represent benefits from the Canada Pension Plan.
Click to enlarge
See NRA 60: Medium Service

Here we see a more fundamental shift for a member with split service.

By design, this member’s combined benefit is:

  • Comparatively lower if she retires at age 55, but
  • ​Comparatively higher if she retires at age 65. 

This intentional rebalancing reflects the early retirement trends and focus on longevity. Given that more people are joining OMERS at later ages, fewer members will qualify for unreduced early retirement in the future. Even now, the data show that a growing number of members are working past their earliest unreduced retirement date.
For this member, the enhanced benefit payable at age 65 also reflects the proposed elimination of the 35-year service cap.
As a reminder, current guaranteed indexing and early retirement provisions are fully preserved for service earned prior to the amendment date.

Next: Short-Service Member

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