OMERS announced today that Bruce Power has signed a definitive agreement with the Independent Electricity System Operator (IESO) which will allow OMERS to invest in the refurbishment of six Bruce Power reactor units over the next twenty years.
OMERS announced that pensions will increase by 1.16% as of January 1, 2016. This increase reflects the change in the cost of living as measured by the Canadian Consumer Price Index (CPI).
A consortium comprising Canada Pension Plan Investment Board ("CPPIB"), OMERS and Ontario Teachers' Pension Plan ("Ontario Teachers'"), together "the Consortium", announced today that they have signed an agreement to acquire Skyway Concession Company LLC ("SCC") for a total consideration of US$2.8 billion.
OMERS annual audit of our pension database is underway.
The Ontario government has been developing its Ontario Retirement Pension Plan (ORPP) for Ontarians who do not have a comparable workplace pension plan. On August 11th, Premier Kathleen Wynne announced key details about the design of the ORPP, which will be phased in over the next three years.
Manager, Communications - Investments