Alberta Investment Management Corporation ("AIMCo") is pleased to announce that it has acquired, on behalf of its clients, a $520.3 million mortgage portfolio of the Ontario Municipal Employees Retirement System ("OMERS").
On June 25, 2014, the OMERS Sponsors Corporation (SC), which sets contribution rates and benefits for the OMERS Primary Pension Plan (OMERS Plan), approved a change to contribution rates for normal retirement age 60 members. The rate change does not affect contribution rates of normal retirement age 65 members.
Protecting and ensuring the accuracy of our members' personal information is important to us. Beginning on Monday, April 21, 2014, OMERS will reach out to about 1600 members to verify the accuracy of the address information we have on file and to ensure they have received their latest Pension Report.
OMERS, one of Canada's largest pension plans, through its strategic investment arm OMERS Strategic Investments (OSI), has entered into a co-investment agreement with Japan's Government Pension Investment Fund (GPIF), the world's largest pension fund, and the Development Bank of Japan (DBJ). The co-investment agreement sets out a framework under which GPIF and DBJ may participate in a range of investment opportunities that are sourced and actively managed by OMERS through its various investment arms.
Funds in an AVC account earn the OMERS Fund rate of return, less investment management expenses. For 2013 this is 6.53% less 0.53 % which equals 6.0%.
Manager, Communications - Investments