OMERS will continue to conduct analysis as more information about the agreement becomes available. At this point, we know the following:
- There will be no impact before 2019
- Changes will be phased-in over seven years
- The upper earnings limit of $82,700 will be phased in over two years, 2024 and 2025.
We will continue to update our members, employers, sponsors and other stakeholders as more details become available.