February 2019
OMERS SC Finalizes Plan Amendments

2019-02-20 9:33:54 AM


The Ontario Municipal Employees Retirement System (OMERS) Sponsors Corporation (SC) on February 15 amended its Comprehensive Plan Review which reflects two changes effective January 1, 2021:

Eliminate the 35-year cap for credited service

Option to negotiate NRA 60 for paramedics

The review began in 2017 and looked at the sustainability of the OMERS Plan over the long term. The review involved a rigorous assessment of risk factors, which allowed the Board to model and prioritize potential Plan changes.

For more information, please see below:

OMERS SC finalizes Plan amendment effective January 1, 2021
 


 


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