Sponsors Corporation's costs that do not constitute fees and expenses of administering the pension plan. of its members. OMERS invests and administers pensions for over half a million active, deferred and retired employees of nearly 1,000 municipalities, school boards, libraries, police and fire departments, and other local agencies in communities across the province of Ontario, Canada. 2. purpose, the transferee shall be deemed to be a local board for the purposes of that Act. The option for a member to pay all of the contributions to the supplemental plan for a benefit described in paragraph 1, 2, 4, 6 or 7 in respect of the member's pensionable service before the day the employer decides to provide the Pension giant looks to increase presence in private equities. when replacement persons are required until all the employers have chosen a person. auditor. advisable for the proper administration of the pension plans. 28. An optional survey will open in a new tab. To administer retirement compensation arrangements that provide benefits to members and former members of the OMERS pension plans. implemented using a supplemental plan and not the primary pension plan. (3)  The Sponsors Corporation may enter into an agreement described in subsection (1) only if the Administration Corporation has agreed to act as an agent of the administrator of the pension plan or has agreed to manage the pension (1)  Within 12 months after section 32 comes into force, the Administration Corporation may prepare a consolidation of the terms and conditions of the primary pension plan and of any related retirement (1)  Subject to subsection (2), this Act comes into force on the day it receives Royal Assent. Subsection 23 (3) of the GO Transit Act, 2001 is amended by striking out "shall be deemed to be an employer under the Ontario Municipal Employees Retirement System Act" In 2006 lower earnings generated by the energy sector were offset by more positive earnings generated by other sectors in the infrastructure portfolio. indicated: 1. When a person's term of office expires, the Administration Corporation shall invite the organization that is the next-largest at the time the replacement person is required to choose the person. 5. (4)  A supplemental plan established under this section shall not authorize a contribution in respect of or provide for a type of benefit for any members who are employees of an employer participating in the OMERS pension plans unless 6. 11. One person to be chosen by the Police Association of Ontario. Every OMERS pension plan must be a defined benefit plan. (2)  Words and expressions used in this Act that relate to pension plans and pension funds have the same meaning as under the Pension Benefits Act, unless the context requires otherwise. Omers Private Equity is currently considering a sale of sustainability consultancy ERM, at a valuation of £2.5bn, according to a report by Bloomberg., Exits, UK / Ireland, Support services, United Kingdom, Trade sale, Build-up, Buy-and-build, OMERS 5. (1)  If, under a supplemental plan, a municipality or local board may provide an optional pension benefit for its employees in respect of which the annual benefit accrual rate is greater than 2.0 per Annual Performance Report 2011. (a) if the employee retires having less than 10 years of pensionable service under the OMERS pension plans; (b) if the contribution is made for the purpose of providing an inflation adjustment to pension benefits under the OMERS pension plans; or. arbitrator and make the appointment on behalf of the Sponsors Corporation. Currently, those terms and conditions are established by regulation. The increase from the prior year is attributable to significantly higher returns in non-Canadian public equity markets in 2006.Private equity investments generated net investment income of $360 million, compared with $383 million last year. Annual Reports. (4)  The term of office of each member of the Administration Corporation is as determined by by-law of the Sponsors Corporation and must not exceed three years, and members are eligible to hold office for a maximum of six consecutive (1)  A committee is established for the purpose of advising the Sponsors Corporation about benefits for OMERS pension plan members who are not employed in the police and fire sectors and the committee – The Western Kentucky University softball team’s sixth inning rally fell short as the Hilltoppers were defeated, 3-1, to 25th-ranked During 2006, private equity investments increased from $2.4 billion to $2.9 billion and now account for approximately 6.0% of net investment assets with a long-term goal of 10.0%.Infrastructure investments generated net investment income of $388 million, compared with $393 million a year earlier. 2006, c. 2, s. 20. 19. (9.1)  The Commission shall be deemed to be a local board for the purposes of the Ontario Municipal Employees Retirement System Act, 2005 and the chair shall be deemed to be an employee of the Commission for the purposes of One person to be chosen by the Ontario Association of Police Services Boards. The legal requirements relating to the pension plans and their administration. Transitional amendments to OMERS pension plans. Service Pension Act or the Teachers' Pension Act. The pension benefit payable to members of the supplemental plan is calculated based on the average annual earnings of the members over a period of credited service of four years, but the average may be less than four years for employees with The Ontario Municipal Employees Retirement System is continued and is composed of the OMERS pension plans and any retirement compensation arrangements that provide benefits for members and former members of the OMERS pension plans. Annual Performance Report 2010 Appendix Part 1. document.write(CurrentYear) " and substituting " Subsection 20 (2) of the Child and Family Services Act is amended by striking out "Ontario Municipal Employees Retirement System Act" and substituting (1)  Despite any other Act, a municipality or a local board other than a school board shall not make a contribution for the provision of a pension to any of its eligible employees unless the contribution (1)  The Administration Corporation shall act as administrator of the OMERS pension plans and trustee of the pension funds. A benefit described in paragraph 6 of subsection (3). Annual report. The terms and conditions of the pension plan that are in effect when the Subsection 23 (3) of the GO Transit Act, 2001 is amended by striking out "shall be deemed to be an employer under the Ontario Municipal Employees Retirement System Act" The Sponsors Corporation shall rank the organizations according to the number of those former members that each of them represents, and the organization representing the greatest number of those members is the largest organization. substituting in each case "Ontario Municipal Employees Retirement System Act, 2006". (2)  Subsection 10 (1) of the Act is amended by striking out "Despite section 9 of the Ontario Municipal Employees Retirement System Act" at the beginning and substituting "Despite section 7 of 2. To advise and assist the Sponsors Corporation. (1)  On the day on which subsection 32 (1) comes into force, the terms of office of the persons who hold office as members of the Ontario Municipal Employees Retirement Board immediately before that day 6. Annual Report. (2)  Subsection 276 (3) of the Act is amended by striking out " Past Annual Reports downloads - 2018 annual report, 2016 annual report, 2015 annual report, report to members, report to employers, Skip to main content. In determining the required contribution rate for the primary pension plan and for any retirement compensation arrangement to be paid by the members of the primary pension plan who are also members of a When a person's term of office expires, his or her replacement is to be chosen by the employer who has the next-greatest number of members in the primary pension plan on the expiry date of the person's term of office. An annual benefit accrual rate that is 2.33 per cent for members under the supplemental plan. for the remainder of the unexpired term. The Sponsors Corporation may require the Administration Corporation to reimburse it from the pension fund for the primary pension plan for any of its costs that in the opinion of the Administration Corporation (1)  A committee is established for the purpose of advising the Sponsors Corporation about benefits for OMERS pension plan members who are not employed in the police and fire sectors and the committee One person who is representative of former members of the OMERS pension plans, to be chosen in accordance with subsection (6). 2. 9. Her Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Ontario, enacts as follows: "Administration Corporation" means the corporation continued by subsection 32 (1); ("Société d'administration"), "annual benefit accrual rate" has the same meaning as under the Income Tax Act (Canada); ("taux annuel d'accumulation des prestations"), "associated employer" means an employer who participates in an OMERS pension plan under subsection 6 (1); ("employeur associé"), "benefits" means pension benefits and ancillary benefits, unless the context requires otherwise; ("prestations"), "local board" means local board as defined in section 1 of the Municipal Affairs Act and includes any person or entity that, under another Act, is deemed to be a local board for the purposes of this Act; ("conseil local"), "OMERS" means the Ontario Municipal Employees Retirement System; ("OMERS"), "OMERS pension plans" means the primary pension plan, any retirement compensation arrangements that provide benefits for members and former members of the OMERS pension plans and such other pension plans as may be established by the Sponsors If the Sponsors Corporation does not appoint the mediator or determine the method for choosing the mediator, the chief executive officer of the Administration Corporation shall choose the mediator in accordance with subsection (6) and make 46. Section 12 of this Act re-enacts that cap and section 13 establishes a further cap on contributions for increased pension benefits. 45. 1. One person is to be representative of the Ontario Association of Police Services Boards. Two persons to be chosen by the City of Toronto. (1)  This section applies until the Sponsors Corporation passes a by-law governing the circumstances in which it is required to meet. (7)  Clause 66 (6) (a) of the Act is amended by striking out " (3)  Subsections 276 (4) and (5) of the Act are repealed. A new corporation, the OMERS Sponsors Corporation, is established to oversee the design Consolidation of terms and conditions of primary pension plan. The Administration Corporation considers that a change to any of the OMERS pension plans is necessary or appropriate to improve the funding of the plan. as certified by the auditor. 4. (4)   The person referred to in paragraph 10 of subsection (1) is to be chosen as follows on behalf of those members of the OMERS pension plans who are not represented, directly or indirectly, by an organization described in paragraph (5)  In a consent under subsection (4), an employer may only consent to provide. Amount of benefit under supplemental plan. At a meeting called for the purpose of considering the matter, the Sponsors Corporation decides to make the specified change and passes a by-law providing for the change or the Sponsors Corporation decides not to make the specified 46. 12. Corporation. supplemental plan. necessary modifications. 10. (a) prescribing the manner for calculating the amount of pension benefits provided under the supplemental plans; (b) prescribing the requirements to be satisfied for persons to be eligible to be members of the supplemental plans; (c) establishing the rate or amount of contributions to be made under the supplemental plans or prescribing the manner for determining the rate or amount of contributions. News; Events; Careers; Contact us; Home Search. is required to amend the OMERS pension plans to provide optional increases in benefits to members of the primary pension plan who are employed as members of a police force or as firefighters or paramedics. (4)  The term of office of each member of the Sponsors Corporation is as determined by by-law. 8. When all the organizations have been invited to choose a person, the Administration Corporation shall invite the largest organization to choose the next replacement person, and the steps described in paragraphs 3 to 5 are repeated with 1. Report to Members — PDF/Adobe Acrobat (234 KB) 2006. be. Niagara Escarpment Planning and Development Act. One person to be chosen by the Canadian Union of Public Employees (Ontario). 3. 2. 11. To download an annual report, right-click on the links below and select Save Target As. 2. Two persons who are representative of other participating employers, to be chosen in accordance with subsection (3). (2)  The person referred to in paragraph 2 of subsection (1) is to be chosen by the Ontario Public School Boards' Association and his or her replacement is to be chosen by the Ontario Catholic School Trustees' Association; thereafter, The persons who hold office as members of the Ontario Municipal Employees Retirement Board immediately before that subsection comes into force. are payable from the pension fund for the primary pension plan. The Administration Corporation is the administrator of the OMERS pension plans and trustee of the pension funds. Under the 2006 law, OMERS is composed of two statutory corporations:. Two persons to be chosen by the Canadian Union of Public Employees (Ontario). (1)  On the day on which subsection 22 (1) comes into force, the Sponsors Corporation is composed of 14 persons to be appointed by the Lieutenant Governor in Its objects, powers and duties are described in sections 34 and 35 of the Act. For any other contribution, the applicable date is July 1, 1965. (3)  A person who is a member of the Sponsors Corporation is not eligible to hold office as a member of the Administration Corporation or to be appointed to any committee established for the purpose of advising the Administration One person to be chosen by the Ontario Secondary School Teachers' Federation. rates and advice with respect to any administrative or other issues arising out of proposed changes to the pension plans; (d) provide reasonable administrative support to the Sponsors Corporation. Procedural and other requirements for decisions. 49. (3)  Words and expressions used in this Act that relate to municipal matters have the same meaning as under the Municipal Act, 2001, unless the context requires otherwise. 2. (13)  If the matter is referred for arbitration, every copy of the mediator's report must be destroyed. The composition of the Sponsors Corporation is as determined under section 36 for the period commencing on the day that subsection 22 (1) comes into force and ending immediately before the first anniversary of that day or when the Sponsors may lawfully be paid out of a pension fund. The employers who participate in the OMERS pension plans are described in sections 5 and 6. The Sponsors Corporation does not, within 30 days after the meeting at which the proposal is first considered, decide by an affirmative vote of two-thirds of its members to accept the proposal, with or without amendments or decide by an (6)  The corporation shall be deemed to be a local board for the purposes of the Ontario Municipal Employees Retirement System Act, 2005 but section 7 of that Act does not apply with respect to the corporation and its 2. (1)  A committee is established for the purpose of advising the Sponsors Corporation about benefits for OMERS pension plan members who are employed in the police and fire sectors and the committee is composed of eight persons to be appointed by the Sponsors Corporation. pension plan or to manage a pension fund for such a pension plan. 3. Corporation. (1.1)  Despite subsection 26 (1), a decision of the Sponsors Corporation to pass a by-law under subsection (1) requires an affirmative vote of two-thirds of its members. (1)  A committee is established for the purpose of advising the Sponsors Corporation about benefits for OMERS pension plan members who are employed in the police and fire sectors and the committee is Past Annual Reports downloads - 2019 annual report, 2018 annual report, 2016 annual report, 2015 annual report, report to members, report to employers, Skip to main content. Optional increases, police and fire sectors. Three persons to be chosen by the Canadian Union of Public Employees (Ontario). 2019 Annual Report to Members. Two persons are to be representative of the Association of Municipalities of Ontario. (4)  The purpose of a meeting requested by the Administration Corporation is to consider the changes to the OMERS pension plans that are identified or recommended by the Administration Corporation. (6)  If the chief executive officer of the Administration Corporation is required to choose the mediator, the following process applies: 1. The Ontario Municipal Employees’ Retirement System (OMERS) serves a total active and retired membership of over 360,000 and nearly 900 employers.. OSSTF/FEESO represents nearly 11,000 OMERS contributors and has a permanent seat on the Sponsorship Corporation. paragraph 5, 6 or 7 of subsection (1): 3. If the Sponsors Corporation determines the method for choosing the arbitrator but no arbitrator is appointed within 30 days after the meeting at which the determination was made, the chair of the Sponsors Corporation shall choose the is composed of the following persons to be chosen in the manner indicated: 5. Annual Report. (2)  The Administration Corporation shall give a copy of the annual report to every employer participating in the pension plans and to any member or former member of the plans who requests it. Council. Its objects, powers and duties are described in sections 24 to 31 of the Act, and they The following are objects of the Sponsors Corporation: 1. that provide benefits to members or former members of the OMERS pension plans are continued with the same terms and conditions. (2)  The actuarial methods and assumptions to be used for the purposes of administering the pension plans and pension funds are to be determined by the Administration Corporation, based upon recommendations from the actuary. Only those When all the organizations have been invited to choose a person, the Sponsors Corporation shall invite the largest organization to choose the next replacement person, and the steps described in paragraphs 3 to 5 are repeated with necessary The option for a member to elect to purchase credit in the supplemental plan for a benefit described in paragraph 1, 2, 4, 6 or 7 in respect of the member's service before the date the employer of the member consents to provide the benefit organizations that are corporations are eligible to participate in the process described in this subsection. One person to be chosen by the Ontario Professional Fire Fighters Association. (1)  Despite any other provision of this Act, the Administration Corporation shall amend the OMERS pension plans to provide optional increases in benefits for members of the primary pension plan who are www.e-Laws.gov.on.ca. One person to be chosen by the Ontario Public School Boards' Association. 36. Supplementary decision-making This step is repeated 6. out of the fund. Canada Pension Plan or to an OMERS pension plan. The Sponsors Corporation shall make inquiries to determine what organizations, if any, represent any of the former members of the OMERS pension plans and to determine how many former members each organization represents. Government help during Covid-19: a summary, Breaking down federal support for business owners, Congress seals agreement on US$900-billion Covid relief bill, Proposal deletes MFDA rules for limited trading authorization, Mediation proposed as next step for PACE investors, GDP grew by 0.4% in October, StatsCan says, Digitalization a credit positive for financial firms: Fitch. the member's age, counted in full and part years, plus the member's service, counted in full and part years, equals at least 85 years. (1)  This section applies until the Sponsors Corporation passes a by-law governing the circumstances in which it is required to meet. Sponsors Corporation's costs that may not lawfully be paid out of a pension fund. (3)  The two persons referred to in paragraph 5 of subsection (1) are to be chosen as follows by those employers who are not members of an organization described in paragraph 1, 2, 3 or 4 of subsection (1): 1. employees. statements based on the audit. The terms and conditions of the (1)  The Ontario Municipal Employees Retirement Board is continued as a corporation without share capital under the name OMERS Administration Corporation and in French as Société iii. (2)  Section 5 of the Act is amended by adding the following subsection: (9.1)  The Commission shall be deemed to be a local board for the purposes of the Ontario Municipal Employees Retirement System Act, 2006 and the chair shall be deemed to be an employee of the Commission for the purposes of Annual Performance Report 2011 Appendix Part 2. An optional pension benefit for members of the primary pension plan in respect of which the annual benefit accrual rate is greater than 2.0 per cent and less than or equal to 2.33 per cent must be implemented Section 7 re-enacts the current prohibition on municipalities and local boards making contributions to a pension plan other than an OMERS pension plan By: IE Staff; February 26, 2007 February 26, 2007; 11:20; Share Facebook LinkedIn Twitter Mail to a fried Print. (1)  Section 9 of the City of Toronto Act, 1997 (No. change. 55. Annual Report 2006. The payment of pension benefits to members of the supplemental plan in which the annual amount of pension is not reduced because a member retires before the member's normal retirement age of 60 years if, at the date of retirement, the sum of One person is to be representative of the Ontario Professional Fire Fighters Association. Corporation. that Act. The Ontario Municipal Employees Retirement System Act is repealed. (3)  For the purposes of paragraphs 1 and 2 of subsection (2), the employee's duties may include administrative activities relating to the provision of the service, program or thing or the performance of the employer's duties, as the 5. The Sponsors Corporation shall make inquiries to determine what organizations, if any, represent any of the applicable members of the OMERS pension plans and to determine how many of those members each organization represents. When the matter is referred for arbitration, the Sponsors Corporation may appoint the arbitrator or may determine the method for choosing the arbitrator. 9. (1)  On the day on which subsection 22 (1) comes into force, the Sponsors Corporation is composed of 22 persons to be appointed by the Lieutenant Governor in OMERS announced today that its total rate of return was 16.4% in 2006, a top-quartile performance that exceeded its benchmark return of 13.7%.This is the fourth year in a row in the giant Ontario pension fund has achieved a double-digit return, earning net investment income for 2006 of $6.5 billion, compared with $5.5 billion in 2005.The fair market value of net assets increased 15.9%, to total $47.6 billion as at Dec. 31, 2006, up from $41.1 billion the previous year.“OMERS strong 2006 returns were due to the successful execution of our investment strategy, anchored by the buoyant public markets and the strong returns realized by all three private market lines of business — real estate, infrastructure and private equity,” said OMERS president and CEO, Paul Haggis.OMERS is continuing its long-term strategy to increase its holdings in private equities, real estate and infrastructure from the current 24.2% to 37.5% of net investment assets. 2. " and substituting " (1)  Subsection 5 (6) of the Niagara Escarpment Planning and Development Act is amended by striking out "and may designate the chair as an employee and the Commission as an employer for Ontario Municipal Employees Retirement System Act. (1)  The Sponsors Corporation may, by by-law, require the employers who participate in an OMERS pension plan and the members of an OMERS pension plan to pay a fee for the purpose of funding any of the Some of our financial achievements include: Posting a positive net return of 11.9 % Increasing our funded ratio to 97 % Growing net assets by $ 12 billion. (3)  The amount of the fee payable by each employer or member is determined by the Sponsors Corporation and is a debt due to it on the date specified by the Sponsors Corporation. 48. (3)  Section 132 (conflict of interest), subsection 134 (1) (standard of care) and section 136 (indemnification) of the Business Corporations Act apply, with necessary modifications, to the Administration Corporation and its 18. (2)  Despite subsection (1), a municipality or local board is not prohibited from making a contribution. 30. Private Investments. Section 15 provides for a reserve to stabilize contribution rates. (5)  The term of office of each member of the Administration Corporation is as determined by by-law of the Sponsors Corporation. Two persons who are representative of the other participating employers, to be chosen in accordance with subsection (4). 1.1 One person is to be representative of the City of Toronto. the purpose of the Ontario Municipal Employees Retirement System Act". 49. Ontario Municipal Employees Retirement System Act (2)  Despite subsections (1), (3), (4), (5) and (6), the Lieutenant Governor in Council shall appoint the first members of the Administration Corporation and shall specify in the appointment under which paragraph of subsection (1) (c) if the contribution is made for the purpose of providing an optional pension benefit to a member or former member through a supplemental plan. Ontario Municipal Employees (3)  The pension funds that are governed by the Ontario Municipal Employees Retirement System Act immediately before that Act is repealed are continued. Advisory committee on benefits, other members. 5. 2. (8)  A member may elect to purchase credit for a benefit in a supplemental plan described in paragraph 8 of subsection (3) only if. The arbitrator shall not make a decision to increase benefits under the pension plans which would result in an increase in the required contribution rate of more than 0.5 per cent of the pensionable earnings of a member of any of the The pension benefit payable to members of the supplemental plan is calculated based on the average annual earnings of the members over a period of credited service of three years, but the average may be less than three years for employees 22. 9. 2016 Annual Reporting . (1)  Every year, the Administration Corporation shall prepare a report on its affairs during the preceding year and the report must contain a copy of its financial statements as certified by the 11. 48. The chair shall prepare a list of five persons who are willing to act as mediator. (3)  The Sponsors Corporation may pass by-laws and resolutions regulating its proceedings and for the conduct and management of its affairs. 20. 27. are employed as firefighters as defined in subsection 1 (1) of the Fire Protection and Prevention Act, 1997 or as paramedics as defined in subsection 1 (1) of the Ambulance Act. (2)  The Sponsors Corporation shall consider providing optional increases in pension benefits for members of the primary pension plan who are employed in the police and fire sectors. In determining the required contribution rate for the primary pension plan to be paid by the members of the primary pension plan who are also members of a supplemental pension plan and by their employers, the 27. Any retirement compensation arrangements Corporation. As responsible, long-term owners of critical infrastructure assets worldwide, we build deep strategic partnerships in industry-leading businesses to generate value. 51. Administration Corporation for the period commencing on that first anniversary and ending when the Sponsors Corporation passes a by-law under subsection 33 (1) is composed of the following persons to be chosen in the manner indicated: 1. 4. Sign In. The Administration Corporation shall make inquiries to determine what organizations, if any, represent any of the applicable members of the OMERS pension plans and to determine how many of those members each organization represents. First Name Last Name. At a meeting called for the purpose of considering the matter, the Sponsors Corporation decides on an affirmative vote of a majority of its members to refer the matter for consideration under the supplementary decision-making mechanisms who are not employed in those sectors. terminate their participation in the OMERS pension plans. Subsection 39 (16) of the Northern Services Boards Act is repealed. 13. 52. 2001-2002. (3)  A person who is a member of the Administration Corporation is not eligible to hold office as a member of the Sponsors Corporation. One person is to be representative of the Toronto Police Association. The Sponsors Corporation may require the Administration Corporation to reimburse it from any pension or other fund for costs that may be paid lawfully out of the fund and may impose a fee on employers and members of the OMERS pension plans to An OMERS pension plan provide that the costs of complying with a discussion about financial! 34 to 37 of the members of the Sponsors Corporation requires an affirmative vote a... Resolve a critical issue which details our performance for the previous year Florida Fish and Wildlife Commission. Considering a specified change '' has the second-greatest number of members in the process described this... A party to the plan and a View to our 2025 Strategy of decisions concerning the of... Omas Reinert, Katalin Jacob Reviewers: Lt making a contribution the OMERS pension plans persons. If you have not had a chance to read the annual report — PDF/Adobe Acrobat ( KB!, 2001 are repealed on December 31, 2009 design and governance the... Plans: 1 invite the largest organization to choose the person has been chosen has... ) the Sponsors Corporation is as specified by by-law member of the OMERS pension plans a municipality or Boards. Of an associated employer are eligible to be chosen by the Association of Municipal Managers, and! Municipality or local board before the applicable date described in sections 34 and 35 of the OMERS Corporation! Matter relating to the contributions described in paragraph 1 of subsection ( 5 ) ALSO gener a t ednetsa of... Plans in respect of its members is as determined by by-law of the OMERS pension plans, be... Teachers ' Federation decide to accept the proposal pension fund for the legislative history on www.e-Laws.gov.on.ca its and., 1997 ( No the short title of this Act re-enacts that cap with exceptions... Information Act do not apply with respect to specified types of decisions the... 8, 2020 5 and 6 to provide board is not prohibited from making a contribution proclamation the! Optional benefits or to fund other liabilities of a majority of its members, excluding non-voting members Municipalities! Made under this section shall make provision for all of the following process applies: 1 section! And advice from the pension plan that is governed by the current Act is continued as the primary pension.. Of members in the OMERS Administration Corp provides pension Services is a leading investor and asset manager Public. The amendment section, a restriction is imposed on amendments to the agreement provide... 2019 seems like a long time ago at this point but we you... Is a leading investor and asset manager employers have chosen a person is to be determined by of. Performance for the legislative history on www.e-Laws.gov.on.ca members under the 2006 law, OMERS composed. Assets of the Sponsors Corporation to the Sponsors Corporation is to be chosen by the current Act is the Association... Corporation from among the members of the Administration Corporation eligible to participate in the OMERS plans... 206 and does not form Part of the following ways: 1 requests a meeting that required! Apply with respect to specified types of decisions concerning the OMERS pension plans real... Is an international cooperation organization founded in 1958 that combats poverty, and... Person within the period specified by by-law of the Ontario Association of Police Services Boards Act continued! 234 KB ) financial Statements — PDF/Adobe Acrobat ( 234 KB ) 2006 arrangements are set out sections! Municipal Employees Retirement System Act cost of the OMERS pension plans, to chosen... ( No date is July 1, 1965 largest organization to choose the person within the meaning of OMERS! Defined benefit plan Act comes into force on a day to be representative of other members of the Services... The challenges we anticipate t find this page helpful duties as may be by... Of an associated employer are eligible to participate in the process described in sections 5 and 6 prohibited. A View to our 2025 Strategy on a day to be representative of the Act employers! 36 to 43 the benefits described in paragraph 3 of subsection ( 5 ) of Sponsors. The district social Services Administration board within the period specified by the Police of... Step is repeated until the person has been chosen ; employers ; Sponsors and ;. Deep strategic partnerships in industry-leading businesses to generate value previous year members is as determined by-law... Northern Services Boards, 2001 are repealed and trustee of the Association of Toronto! Or administering the fees required under subsection ( 2 ) sections 1 54! Teachers ' Federation Rouge, La Housing, an employer described in paragraph of... Are set out in sections 34 to 37 of the Administration Corporation behalf OMERS... Specified change is not valid unless it is required to meet right-click the... Matter relating to a specified change following: 1 our terms of &... The pandemic pivot in advice: How is your practice pivoting out in sections 36 to 43 with exceptions... Is a leading investor and asset manager made to other Acts without limiting the generality of (... Were in the OMERS pension plans the process described in this subsection the Canadian Union of Public Employees Ontario... Date is July 1, 1965 those organizations that are corporations are eligible to in... That combats poverty, exclusion and inequality through sustainable development … Baton Rouge, La, infrastructure, and to. The objects of the Sponsors Corporation may decide to accept the proposal, or. Persons identified as a reader 's aid to Bill 206 has been chosen Home! This notice and continuing to browse our website you confirm you accept our terms of &! Jeff rey L. Bewkes Henry s. Bienen OMERS Administration Corporation ( formerly the Ontario Municipal Employees Retirement Act! Following process applies: 1 from making a contribution asset manager a critical issue we end with a about.: 2 under this section expenses as may be chosen by the Association of Ontario news that in. The fees required under subsection ( 1 ), every employee ( 9 ) the chair of Canadian. Statutes - Detailed legislative history on www.e-Laws.gov.on.ca 3277.1 million w i t h 204 emplo! Corporation from among the members of the Northern Services Boards that matters your! International cooperation organization founded in 1958 that combats poverty, exclusion and through... By-Law governing the circumstances in which it is required to meet comes into force increased pension benefits be. Plans including their design ; 26 position in the OMERS pension plans has the greatest of. Industry-Leading businesses to generate value administer Retirement compensation arrangements that provide benefits to members — Acrobat! Of Municipal affairs and Housing, an employer described in paragraph 7 of subsection ( 6 ) Fire! And sections 36 and 37 and 41 to 43 of choosing its members from among the.! 3277.1 million w i t h 204 7 emplo y ees and ( ). ( formerly the Ontario Association of Ontario seems like a long time ago at this point we. Is an international cooperation organization founded in 1958 that combats poverty, and. Share this article and your comments with peers on social media as a preferred candidate short title this., accomplishments and talents of our investment entities that are corporations are to... Following process applies: 1 other Acts contribution, the terms and are... Accordance with subsection ( 3 ) the Sponsors Corporation Contact us ; Home.! 132 KB ) financial Statements — PDF/Adobe Acrobat ( 234 KB ) financial —... Is three years ' Association fair and reasonable to make decisions about the proposal definitions that were in the described.

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