Welcome
"The best interests of the OMERS Sponsors Corporation ("SC") include governance and decision-making practices which support the health and long term viability of the jointly-sponsored OMERS pension plans, and give due consideration to the interests of the stakeholders and other relevant circumstances."
The above statement was adopted by the SC in November, 2009
2010 Specified Plan Changes
The SC has completed deliberations on the 2010 Specified Plan Change proposals, and has approved a three-year, multi-dimensional strategy to support the funded security of the OMERS Primary Plan, including temporary contribution rate increases for members and employers that average 1% of a member's earnings per side in 2011, 1% in 2012, and 0.9% in 2013. Beginning with the first, full pay period in 2011, the rates paid by active members (and matched by their employers) will be as follows. The exact rates for 2012 and 2013 will be determined next year.
2010 |
2011 |
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Normal retirement age 65 members |
On earnings up to the CPP earnings limit | 6.4% | 7.4% |
| On earnings over the CPP earnings limit | 9.7% | 10.7% | |
Normal retirement age 60 members |
On earnings up to the CPP earnings limit | 7.9% | 8.9% |
| On earnings over the CPP earnings limit | 13.1% | 14.1% | |
CPP earnings limit in 2010 is $47,200; the limit in 2011 will be higher
2009 Annual Report
The 2009 OMERS Sponsors Corporation Annual Report is available, please click here to view either the SC or OAC interactive versions.
Click on the links below for PDF versions
