OMERS 2020 Strategy
The OMERS 2020 Strategy is moving forward and progress is being tracked. The SC approved the first component of the Communications and Engagement Plan, which falls under the overarching 2020 Strategy. In addition, the Board received a report on the progress made to date on the key elements and objectives of the strategy.
As part of an annual process, the preliminary results of the December 31, 2015 actuarial valuations of the Primary Plan and the RCA were provided to the SC and OAC Boards on February 17. The funded status of the OMERS Pension Plans at December 31, 2015 was reviewed in preparation for the Funding Management Strategy decisions which will be decided at the March 22 Board meeting.
The SC CEO was authorized to receive final 2015 Actuarial Valuations following approval by the OAC Board, which was expected in the days following the meeting.
Annually the SC financials are reviewed by an external auditor in conjunction with the Audit Committee, which in turn submits the findings to the Board for approval. The SC approved the 2015 Financial Statements at its February 18, 2016 meeting.