OMERS will continue to conduct analysis as more information about the agreement becomes available.
At this point, we know the following:
1. There will be no impact before 2019
2. Changes will be phased-in over seven years
3. 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.