June 21, 2017

Plan Changes

Under its mandate, the OMERS Sponsors Corporation (SC) has responsibility for benefit plan design. At its June 21st meeting, the SC approved the following proposed changes:

  • introduce certain time restrictions related to the payment of commuted values and buy-backs,
  • restrict access to pensions for certain dual members, and
  • permit¬†employers with members working in foreign countries to suspend participation in OMERS.

Further details are available here.