OMERS Update

October 01, 2016

OMERS is committed to keeping you informed about updates to your pension plan. In response to member feedback, we’re excited to launch our first member e-newsletter this fall. There are some exciting prizes up for grabs if you opt into e-subscription by November 30. Check out the prizes and contest details below.

We also recently approved amendments to the OMERS Pension Plans to reflect Plan changes agreed to in June.

Sign-up for e-subscription for a chance to WIN!*

This fall, we’re migrating Member News online. You told us that you prefer digital communication and we’re listening. It will be a more reliable, efficient and cost-effective way of communicating with you.

To ensure you keep receiving Member News and other important pension information, sign into myOMERS and opt into e-subscription for a chance to win* one of 20 Fitbit Flex 2 activity trackers to help you keep active in your working years and beyond.
myOMERS – your personalized, online pension management tool

Already an e-subscriber? You’re automatically entered into the contest – you don’t have to sign up again.

Visit the contest page for more details

Keeping Members Informed

In response to member and stakeholder requests, the OMERS Sponsors Corporation (SC) Board approved an amendment to the OMERS Primary Pension Plan (Primary Plan) to change the Additional Voluntary Contributions (AVC) program. 

The amendment allows members to keep non-locked-in funds in an AVC account after the year they turn age 71. This part of the AVC program is called the “AVC Income Option.” For more details on AVCs and the AVC Income Option, visit  AVCs.

The OMERS Sponsors Corporation approved changes to the contribution rates of the OMERS Supplemental Pension Plan for Police, Firefighters and Paramedics (Supplemental Plan), effective January 1, 2017. Although there are currently no members in the Supplemental Plan, contribution rates must be adjusted periodically to reflect our current expectations about the future.