February 24, 2011

Financial Results

The 2010 SC audited financial statements recommended by the Audit Committee were approved.

The 2010 Annual Actuarial Valuations of the Primary Plan and the RCA Program were received from the OAC; it was noted that this formally launches the 2011 cycle for consideration of Specified Plan Changes.

Presentations from OMERS/OIM

OMERS CEO reported on the most current fund performance numbers and reviewed the annual returns of most of the OMERS investment entities. OIM (OMERS Investment Management) outlined basic contract templates for potential investors and the SC approval process was discussed.

OMERS Pension Plan Amendments

Amendments related to distribution of assets in the case of wind-up were approved in principle for both the Primary and Supplemental Plans.