What We Do
At the Sponsors Corporation (SC), we are accountable for what we call the “ABCs” of OMERS:
Appointments;
Benefits; and
Contributions.
Specifically, we are solely responsible for:
Determining benefit levels and contribution rates for the Plans, and
Setting compensation levels and appointment protocols for both the SC and OMERS Administration Corporation Boards.
Appointments
The SC Board appoints members to both the SC and AC Board. For more information on the approach to appointments, please click here.
Benefits and contributions
With a focus on leading governance practices and disciplined decision-making, we are committed to supporting the financial health, relevance and long-term viability of the OMERS Plans. It is all about protecting the pension promise, with due consideration to the interests of the sponsors, stakeholders, employers and members – current and future.
Funding
Ensuring benefits and contribution rates are managed appropriately is vital to the health and long-term viability of the OMERS Pension Plans.
Other Plan Changes
There are other reasons that may cause benefits or plan terms to change, such as changes in pension legislation or when administration matters arise.
Decision-Making Process
Plan change decisions made through an annual process.
Stakeholder Requests for Plan Changes
Here you will find the process to request Plan changes.