OMERS Pensions to Increase by 1.89% in 2020
OMERS announced that pensions will increase by 1.89% as of January 1, 2020. This increase reflects general changes in the cost of living, as measured by the Canadian Consumer Price Index.
OMERS inflation protection increases retirement, disability and survivor pensions each year. Most members whose pensions began in 2019 will receive a pro-rated increase.
In late December, OMERS will send an Annual Statement of Pension to retired members and survivors, listing their updated pension amount for 2020. The statements are posted on the secure member myOMERS site, or mailed to members who prefer to receive their pension information by paper mail.
To see your Annual Statement of Pension as soon as it is available, create a myOMERS account now. Registering is easy and provides you with safe and secure access to your pension information 24/7.
More about inflation protection