OMERS pensioners to receive full inflation protection in 2025
The 2025 inflation adjustment is 2.61%
The 2025 inflation adjustment is 100% of the percentage increase in the 12 month average Consumer Price Index (CPI) for the period ending in October over the average for the same period in the previous year. The formula for calculating the OMERS inflation adjustment is set out in the OMERS Plan text.
While the 2025 inflation adjustment applies to all pensions in payment, members and survivors whose pensions began in 2024 (prior to December) will receive a pro-rated increase. Pensions that begin in December 2024 will be eligible to receive their first increase on January 1, 2026, provided the pension is still in pay.
CPI – 2022/23 | |
|---|---|
November | 154.0 |
December | 153.1 |
January | 153.9 |
February | 154.5 |
March | 155.3 |
April | 156.4 |
May | 157.0 |
June | 157.2 |
July | 158.1 |
August | 158.7 |
September | 158.5 |
October | 158.6 |
12-Month Average | 156.28 |
CPI – 2023/24 | |
|---|---|
November | 158.8 |
December | 158.3 |
January | 158.3 |
February | 158.8 |
March | 159.8 |
April | 160.6 |
May | 161.5 |
June | 161.4 |
July | 162.1 |
August | 161.8 |
September | 161.1 |
October | 161.8 |
12-Month Average | 160.36 |
% Change | |
|---|---|
November | |
December | |
January | |
February | |
March | |
April | |
May | |
June | |
July | |
August | |
September | |
October | |
12-Month Average | 2.61% |
2025 OMERS Calculation
CPI – 2022/23 | CPI – 2023/24 | % Change | |
|---|---|---|---|
November | 154.0 | 158.8 | |
December | 153.1 | 158.3 | |
January | 153.9 | 158.3 | |
February | 154.5 | 158.8 | |
March | 155.3 | 159.8 | |
April | 156.4 | 160.6 | |
May | 157.0 | 161.5 | |
June | 157.2 | 161.4 | |
July | 158.1 | 162.1 | |
August | 158.7 | 161.8 | |
September | 158.5 | 161.1 | |
October | 158.6 | 161.8 | |
12-Month Average | 156.28 | 160.36 | 2.61% |
OMERS formula smooths out volatility and results in relatively stable year-over-year inflation increases.
Pensioners are notified of their increase in late December through their annual pension statement provided to retired members and survivors, listing their inflation-adjusted pension amount for 2025. The statements are posted in our secure member portal myOMERS or mailed to members who prefer to receive their pension information by mail.
Learn more about inflation protection, including how your first inflation increase is calculated, and how inflation protection works for benefits earned before January 1, 2023 (up to a maximum increase of 6%) and for benefits earned on or after January 1, 2023, the amount of the increase will be determined based on an assessment of the financial health of the Plan.
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