On October 7, 2019, OMERS announced the consolidation of the Toronto Civic Employees’ Pension Plan (Civic Plan) into OMERS. The Civic Plan is one of the pension plans managed by the City of Toronto.
With regulatory changes made in 2015, it became possible for OMERS to extend efficient and effective pension administration to pre-OMERS pension plans, such as the Civic Plan.
This is the second plan managed by the City of Toronto to do so. On January 8, 2019 the Corporation of the City of York Employee Pension Plan (York Plan) was successfully consolidated into OMERS.
Consolidation will not impact existing OMERS members’ benefits or contribution rates.