Case Studies

Case Study 1: Andrew

Water Distribution Operator, 30 years old, works 2 days a week, earns $30 per hour "Even though retirement is a long way away, I’m going to join OMERS. My OMERS contributions will automatically come off my pay, and when I retire, I’ll get a pension for as long as I live."


See the OMERS difference

The OMERS difference

Andrew's weekly pension contributions (employer matches contributions)

$41

Estimated annual OMERS pension if Andrew retires at age 60

$28,800

Total estimated pension payments if Andrew lives until age 86

$717,000

If Andrew waited and joined two years later at age 32

Estimated annual OMERS pension if Andrew retires at age 60

$1,900 less

Total estimated pension payments if Andrew lives until age 86

$51,000 less

The example is for illustrative purposes only. The example assumes that the member meets the minimum eligibility criteria (based on earnings/hours worked) to join OMERS; the number of hours worked each year and the OMERS contribution rates do not change; the member receives a 2.7% annual salary increase; and there is a 2.0% annual inflation increase to the pension in payment.


Case Study 2: Priya

Paramedic, 40 years old, works 20 hours a week, earns $40 per hour “I’ve been married for five years and have two young boys. I joined OMERS because saving for my future is important to me and my family.”


See the OMERS difference

The OMERS difference

Priya's weekly pension contributions (employer matches contributions)

$72

Estimated annual OMERS pension if Priya retires at age 65

$28,700

Total estimated pension payments if Priya lives until age 90

$920,000

If Priya waited and joined two years later at age 42

Estimated annual OMERS pension if Priya retires at age 65

$2,400 less

Total estimated pension payments if Priya lives until age 90

$77,000 less

The example is for illustrative purposes only. The example assumes that the member meets the minimum eligibility criteria (based on earnings/hours worked) to join OMERS; the number of hours worked each year and the OMERS contribution rates do not change; the member receives a 2.7% annual salary increase; and there is a 2.0% annual inflation increase to the pension in payment.


Case Study 3: Lynn

Education Assistant, 45 years old, works 2 days a week, earns $23 per hour. “I joined OMERS because I know OMERS will be there for me in my retirement.”

See the OMERS difference

The OMERS difference

Lynn's weekly pension contributions (employer matches contributions)

$31

Estimated annual OMERS pension if Lynn retires at age 65

$7,500

Total estimated pension payments if Lynn lives until age 90

$240,000

If Lynn waited and joined two years later at age 47

Estimated annual OMERS pension if Lynn retires at age 65

$750 less

Total estimated pension payments if Lynn lives until age 90

$24,000 less

The example is for illustrative purposes only. The example assumes that the member meets the minimum eligibility criteria (based on earnings/hours worked) to join OMERS; the number of hours worked each year and the OMERS contribution rates do not change; the member receives a 2.7% annual salary increase; and there is a 2.0% annual inflation increase to the pension in payment.