In April 2014, seasoned OMERS executive Michael Latimer took the reins as President and Chief Executive Officer (CEO) following the retirement of Michael Nobrega in the culmination of a succession planning process that began in 2010. Michael Latimer is responsible for the overall management of OMERS, its investment entities and operating divisions.
Two studies conducted by the Boston Consulting Group (BCG) show that big pension organizations, like OMERS, have a significant, long-term, positive impact on the economy, while providing retirees with stable and adequate incomes.
Between your family and career, life doesn't allow much time for you to focus on tomorrow. If you are looking for a fast and simple way to save, consider automatic contributions to an Additional Voluntary Contributions (AVC) account.
Are you trying to pick a retirement date? Are you considering buying service and you want to see if the increase to your pension is worth the cost of the purchase? Or, is retirement still a long way off and you're curious about your future OMERS pension?
OMERS Sponsors Corporation approved a small change to contribution rates for police and firefighters (normal retirement age 60 members) through its annual Plan change cycle, which concluded in June. The decision marks the end of the annual Specified Plan Change process for 2014 to review contribution rates and consider benefit changes.