OMERS Strategy
To make OMERS a sustainable, affordable and meaningful defined benefit Plan
OMERS Strategy was approved in 2019. It provides long-term strategic direction and areas of focus, as well as set of specific priorities for the next five years. The new Strategy puts us on a path to make OMERS a sustainable, affordable and meaningful Plan, while managing challenges across the pension landscape. We know we will continue to face headwinds, so we need to make the right choices today to prepare us for the future. Some of these challenges include:
Plan maturity
Rapid disruption across industries
Geopolitical instability
Changing nature of work
Longer life expectancy
Our Strategy begins to address these challenges and other headwinds through our key areas of focus:
Plan Design – Evolve OMERS offering to meet stakeholders’ and sustainability needs
Ensure Plan Sustainability via appropriate Plan design
Explore how to Modernize the Plan and improve its relevance
Jointly find ways to Simplify the Plan
Consider options to Grow the Plan
Funding - Manage funding and ALM levers to ensure the Plan’s Financial health
Develop a Joint Funding Framework to manage the value proposition
Update the Funding Management Strategy
Evolve our Discount Rate approach to manage risk
Conduct Asset-Liability Management studies
Investment – Maintain a diverse investment portfolio that meets risk/return hurdles
Deliver a clear Total Portfolio Strategy within our risk-return targets
Continue to actively incorporate Environmental, Social and Governance factors
Improve the Plan’s Global Diversification
Expand our Strategic Partnerships
Engagement - Improve stakeholder trust and understanding
Enhance and Align Stakeholder Engagement
Enhance the Pension Services delivery method
Increase focus on Government Relations
Operations - Advance our operational capabilities
Build and retain diverse Talent Depth across the organization
Enhance our Data and Technology capabilities
Leverage cost-control and fee offsets to Manage Costs
OMERS Long-Term Aspirations The Road to 2030
A member-first service-oriented platform delivering exceptional value and service
A governance model that is effective and collaborative
A world-class investment platform, highly focused on the right strategic markets and partners
A disciplined, prudent and risk-conscious steward that meets the changing needs of stakeholders
An industry-leading employer with an exceptional workplace environment