As part of its commitment to keep stakeholders informed, any OMERS Primary Pension Plan (Plan) change proposals that the OMERS Sponsors Corporation considers are posted for information. The annual decision-making process, which occurs during a defined period, can be found here.
Some Plan changes may be considered outside the annual decision-making cycle due to exceptional circumstances should they comply with Section 6.2 of By-Law No. 12 and meet the following criteria:
- Failure to adopt the specified change immediately will result in hardship to Plan members, retirees or employers because of a condition or circumstance not previously recognized by the OMERS Administration Corporation or the OMERS Sponsors Corporation.
- Such specified change would not involve material changes in contribution levels of, or materially affect the funding of, the Plan.