On November 5, 2019, OMERS announced the consolidation of the Metropolitan Toronto Police Benefit Fund (Police Plan) into OMERS. The Police Plan is one of the pension plans managed by the City of Toronto.
This is the third plan managed by the City of Toronto to do so. The Corporation of the City of York Employee Pension Plan and the Toronto Civic Employees’ Pension Plan were successfully consolidated into OMERS on January 8, 2019 and October 7, 2019, respectively.
These consolidations will not impact existing OMERS members’ benefits or contribution rates.