News Story

Specified Plan Change Proposals - 2nd Tabling

April 30, 2012

At the meeting of April 26, SC Members tabled additional SPCs for consideration. 

Each SPC provides a summary of the proposed changes as well as the affected members/groups and the effective dates.  Three relate to contribution rates for 2013, one proposes a change in the benefit accrual rate, one is for the provision of NRA 60 for Paramedics and one relates to filing the December 31, 2011 valuation reports of the OMERS Primary Pension Plan and OMERS Supplemental Pension Plan.  An amendment to a March 20th proposal relating to the RCA was also made.  Another proposal for changes to contribution rates was tabled, but withdrawn before posting.
 
With the five proposals previously tabled in March, there are now a total of 11 SPCs under consideration.

SC Members may amend and resubmit them to the Co-Chairs of the SC Board until May 14th.  All amendments will be posted on this website as soon as possible.  Any further amendments or decisions can only be made at SC meetings scheduled for May and June.

In addition to reading the full details of the current proposals under consideration, decisions and processes of prior years may be of interest.