OMERS announced that pensions will increase by 0.90% as of January 1, 2014.This increase reflects 100% of the change in the cost of living as measured by the Canadian Consumer Price Index (CPI). Each January, OMERS pensions increase by the average increase in the CPI, to a maximum of 6%. If this figure is greater than 6%, the excess would be carried forward to the next year.
OMERS Private Equity ("OPE") announced today that it, along with existing management, has acquired Caliber Collision Centers ("Caliber" or the "Company") from private equity firm ONCAP, Onex Corporation's mid-market private equity platform. Based in Dallas, Texas, Caliber is the largest independent provider of automotive collision repair services in the U.S. with a network of 157 collision centres located in California, Texas, Arizona, Nevada, Oklahoma and Colorado. The Company has approximately 3,700 employees and repairs more than 285,000 vehicles annually.
The Ontario Municipal Employees Retirement System (OMERS) Administration Corporation today released the following statement:
OMERS Administration Corporation supports the policy directions signalled in today's Fall Economic Statement -Â especially the Statement's focus on job creation and economic sustainability in the Province of Ontario.
A focus on leadership development and employee engagement has earned the OMERS Enterprise recognition as a Best Employer in Canada for the sixth consecutive year.
The following Opinion piece by Michael Nobrega, president and CEO of OMERS, Bill Hatanaka, president and CEO of OPTrust, Jim Keohane, president and CEO of Healthcare of Ontario Pension Plan (HOOPP) and Jim Leech, president and CEO of Ontario Teachers' Pension Plan (OTPP) was published on the editorial page of the Globe and Mail on Tuesday October 22.
Manager, Communications - Investments