Defined benefit (DB) pension plans not only provide a secure source of income for many retired Ontarians, they also have a positive impact on local, provincial, and national economies.
As part of an ongoing effort to communicate the value of DB plans, OMERS has created an animated video which details these positive economic impacts. The video draws on information from a 2013 Boston Consulting Group (BCG) study that confirmed that DB pension plans provide significant benefits to the economy.
Our focus at OMERS is on ensuring the people who serve our communities are able to retire with confidence that their pensions are secure and sustainable over the long term. This video clearly explains how the defined benefit pension model provides retirement security benefits to our members, while also creating many positive ripple economic effects beyond our immediate membership.
OMERS Fast Facts
BCG Study – Investments
BCG Study – Defined Benefit