Inflation Protection

OMERS pensions in pay receive an annual inflation increase. The increase as of January 1, 2020  is 1.89%.

In December, we send retired members and survivors a personalized Annual Statement of Pension showing the details of their January pension increase. The statements are posted on myOMERS, then mailed to members who receive their pension information by paper mail.

Get your Annual Statement of Pension early! Activate your myOMERS account to get your statement as soon as it is available online at

How inflation protection works

Each January, your OMERS pension increases by 100% of the increase in the Canadian Consumer Price Index (CPI), up to a maximum of 6%. If the CPI is greater than 6%, the excess is carried over for use in future years.

The CPI measures approximate changes in the cost of living based on the price of a basket of goods that an average Canadian household buys. The basket includes food, housing, transportation, energy, furniture, clothing and recreation. More about the CPI is at Statistics Canada's website.

How OMERS calculates the annual inflation increase

OMERS uses the average of the CPI for the 12-month period ending in October, and compares it to the average for the same period the previous year. The percentage increase determines the increase for pensions.

OMERS method of calculating the annual inflation increase is consistent with the method used by the Canada Pension Plan (CPP), except OMERS rounds to two decimal places, while CPP rounds to one decimal place.

How your first increase is pro-rated

Your first increase may be pro-rated based on the month your pension started. For example, the increase as of January 1, 2020, is 1.89%. If your pension started in February 2019, your 2020 increase would be 1.58% (which is 10/12 of 1.89%). In January 2021, your pension will receive the full 2021 increase.
For a pension that began in… Pro-rating (first increase only)
January 2019 11/12
February 2019 10/12
March 2019 9/12
April 2019 8/12
May 2019 7/12
June 2019 6/12
July 2019 5/12
August 2019 4/12
September 2019 3/12
October 2019 2/12
November 2019 1/12
December 2019


A pension that began in December 2019 will not get an increase in January 2020, but will get an increase in January 2021.