Grid restoration pay clarification (school boards)

Recently, we were asked to clarify whether grid restoration payments, which were part of the recent OSSTF settlement, should be included in OMERS contributory earnings.

We have determined that a grid restoration remedy payment should not be included in a member's contributory earnings. The reason for this position is that this remedy is a one-time payment being made by the Government of Ontario.

Reminders

• For pension purposes, compensation and taxable benefits included in a member’s pensionable or contributory earnings must comply with the OMERS Primary Pension Plan Text.

• If you have any doubt on what types of compensation and taxable benefits to deduct OMERS contributions from, see section 3 of the

   

  for general principles and a list of common types of compensation to include in and exclude from contributory earnings.

• If you have further questions about contributory earnings, please check with OMERS Client ServicesOpens new window.