Our Vision for 2020 is to make OMERS a leading model for plan sustainability. Our Strategy, which sets out a five-year roadmap, is advancing OMERS toward our Vision.
This Strategy recognizes challenges facing OMERS in the coming years, including:
- a maturing Plan as the ratio of active members to retired members continues to decline with demographic shifts and the evolving nature of work. As the Plan matures, it becomes more vulnerable to stresses, as there are relatively fewer members to carry the cost of any impact
- a challenging investment environment globally as a result of slowing growth due to aging populations, rising debt levels and higher borrowing costs, and increasing protectionism
- an evolving pension landscape as retirement security remains a priority for governments. The Canada Pension Plan, for example, will be gradually enhanced beginning in 2019, which will add to member and employer contributions for retirement savings
Our Goals are to achieve full funding and protect the Plan from market volatility, with stable and predictable contribution rates and benefit levels.