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Ontario Municipal Employees Retirement System [OMERS]

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Mr. Clyde MacLellan Chair, Public Sector Accounting Board Dear Mr. MacLellan, The purpose of this letter is to provide comments from the Ontario Public Service Employees Union (OPSEU/SEFPO) on the Public Sector Accounting Board’s (PSAB’s) review of Section PS 3250, Retirement Benefits (“the Project”). We believe that the practical effects of these changes will be unhelpful……

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Warren (Smokey) Thomas, President of OPSEU, has sent the following letter to Michael Rolland, CEO of OMERS, about the OMERS board’s adoption of shared risk indexing. July 2, 2020 Mr. Michael RollandChief Executive OfficerOMERS Sponsors Corporation900-100 Adelaide Street WestToronto, Ontario  M5H 0E2 Dear Mr. Rolland, We are greatly disappointed by your announcement that details of……

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The Sponsors Corporation Board of OMERS has passed an amendment allowing the board to eliminate guaranteed indexing of pension credits earned after 2023. What does this amendment mean to the members of OMERS? Members of the OMERS pension plan who continue to work past January 1, 2023, will have their future service credits subject to……

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