OMERS has been touring the province to introduce Additional Voluntary Contributions (AVCs) - the exclusive, members-only retirement savings and investment opportunity, which began January 1, 2011.
AVCs are similar to registered retirement savings arrangements, but they are part of the OMERS Primary Pension Plan - enabling members to take advantage of the same investment expertise, strategy and diversified fund they rely on for their OMERS pension.
Member response and interest has been strong. We've received many requests for more information, as well as to start automatic contributions and to transfer funds.
OMERS member Steve Bedley (Toronto District School Board) was intrigued by the potential of AVCs after attending one of our information sessions.
“What attracted me is that I think it's a very solid investment,” said Steve. “They have low administration fees and the potential for good returns.” said Steve. “I was looking for ways to increase my retirement savings beyond my pension, and AVCs are a good option.”