The research is based on a survey of two groups totalling almost 1,000 participants – 447 in the OMERS members group, and 500 in the group of people without a defined benefit plan.
Survey respondents had to be retired, transitioning into retirement, or planning to retire or transition into retirement in the next 10 years.
Unless otherwise noted, the data is also controlled – via a standard statistical approach – for certain variables including income, age, and gender to ensure the results more closely reflect the differences between being an OMERS member and a person without a defined benefit pension. Existing research stated that income level could be a key driver of social value; therefore, by controlling for this variable and others, the results can more confidently conclude that differences between the two groups are less likely to be driven by these factors. This means that if either group has higher average annual income, the study aimed to reduce the impact on the findings by controlling the data for this variable.
The results marked with an “*” are not controlled for income and other variables.