October 22, 2014

 

New Funding Management Strategy - SPDOS/SPC Process

The final details for the new Funding Management Strategy (FMS) and related decision-making process were approved by the OMERS Sponsors Corporation (SC) when it adopted amended and restated versions of SC By-Law #12 (Specified Change by-law) and to SC By-Law #20 (Statement of Plan Design Objectives and Strategy - which contains the FMS).  Detailed information about the new FMS and decision-making process is available here.   

 

Sponsors Corporation Board Appointments

Three SC Board seats have terms expiring on December 31 of this year.  The affected sponsor organizations were contacted earlier this year and have made their appointments.  Marianne Love (AMO), John Fleming (City of Toronto) and Frank Ramagnano (OPFFA) were all reappointed by their sponsor organizations for three-year terms commencing January 1, 2015.

As well, the other AMO representative on the SC Board, Bruce Stewart, has indicated that he will be retiring one year prior to the end of his current three-year term.  Mr. Stewart has served the SC since its inception in 2006 with diligence and has been a member of many committees over the years.  AMO has appointed Mr. Barry Brown to assume the seat, effective January 1, 2015.

Posted December 5, 2014