The annual cost of living adjustment is 1.45% as of January 1, 2017. This increase reflects 100% of the adjustment in the Consumer Price Index, a weighted basket of goods and services typically purchased by Canadian households each month.
The method used to calculate the adjustment is prescribed by the terms of the Plan and is the same method used by most other major Ontario pension plans, as well as the Canada Pension Plan. OMERS rounds to two decimal places, while CPP rounds to one decimal place.
Learn more about inflation protection and calculations at omers.com/inflation.
Meet us in person to learn more about your OMERS pension. We will cover topics such as survivor benefits, investment returns and much more.
Be sure to update your info via myOMERS.