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%.
$4 billion investment income earned in 2013
The OMERS Primary Pension Plan concluded 2013 with a $1.3 billion reduction in unfunded liability, an improvement in its funded ratio by 3% to 88%, $4 billion in total investment income, and a stronger balance sheet and cash flows to secure its long-term obligation to pay defined pension benefits to its 440,000 plan members.
Borealis Infrastructure announced today it has signed definitive agreements with Cameco Corporation ("Cameco") to acquire up to a 31.6% interest in Bruce Power B ("Bruce B") for $450 million. Bruce B operates four of the eight reactors at the world's largest nuclear generating facility in Tiverton, Ontario.
Manager, Communications - Investments