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.
The OMERS Sponsors Corporation (SC) has completed its annual decision-making cycle and made a decision related to its 2015 Plan change review. For 2015, the SC will not consider benefit or contribution rate changes to the OMERS Pension Plans. The SC will consider the matter again in 2016 under its annual decision-making process, including Plan change suggestions that have been submitted by stakeholders.
Mojix, the global leader in wide area sensor networks, today announced the completion of its $14 million Series D financing round. OMERS Ventures, the venture capital arm of the OMERS pension fund, led the round.
A consortium consisting of Borealis Infrastructure Management Inc, Tredje AP-Fonden ("AP3"), Forsta AP-Fonden ("AP1") and Folksam with subsidiaries (the "Consortium") has signed today an agreement to acquire 100% of the shares of Fortum Distribution AB, Fortum's electricity distribution networks in Sweden.
Manager, Communications - Investments