Credited Service

Eliminate the current 35-year cap for credited service

Credited service is the paid service (years and months) you have in the OMERS Plan, including any service you purchased or transferred in. It is used to calculate your pension. 

Current

  • The maximum amount of credited service is 35 years

Proposed

  • No limit on service
  • Contributions continue beyond 35 years

Rationale

Removing the service cap helps to address the needs of long-service members who want to work beyond the 35-year service limit. By earning more credited service under the Plan, members will increase their lifetime pensions.

Next: Additional considerations

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