OMERS News

Tony Dean Appointed to Review OMERS Governance Model

Wed, 16 May 2012 04:00:00 GMT

On May 15, the Minister of Municipal Affairs and Housing, Kathleen Wynne, announced on her Ministry’s website that Mr. Tony Dean was appointed as the Reviewer of the OMERS Act 2006, as per the Ontario Municipal Employees Retirement System Review Act, 2006.

U.K. Pension Funds Look to Emulate Canadian Investment Strategies

Thu, 10 May 2012 04:00:00 GMT

Tara Perkins reports for the Globe and Mail that representatives of the U.K.’s financial sector have been meeting with Canada’s largest pension plans over the past week to learn how British plans might adopt their investment strategies.

OMERS and Telephone Surveys

Tue, 8 May 2012 04:00:00 GMT

OMERS periodically uses telephone surveys to ask our active members, retirees, and employers for feedback. We do this so that we can continually improve the quality of our services and also provide an opportunity for you to share your concerns or compliments.

OMERS and CUPE File Motion for Settlement Approval in the OMERS/Borealis Litigation

Mon, 30 Apr 2012 04:00:00 GMT

A Settlement Agreement has been signed resolving litigation surrounding asset management contracts for real estate investments of the OMERS pension plan for the years 2002-2004, subject to court approval.

Canada's OMERS and Japan's PFA and Mitsubishi Corp. Announce First Close of Global Strategic Investment Alliance

Thu, 26 Apr 2012 04:00:00 GMT

April 26, 2012 - OMERS, one of Canada's largest pension plans, is announcing the first close of the Global Strategic Investment Alliance (GSIA) alongside initial alliance members Pension Fund Association (PFA) and a consortium led by Mitsubishi Corporation (MC), both of Japan.

OMERS Members Invest In AVCs One Year Later

Wed, 18 Apr 2012 04:00:00 GMT

Benefits and Pensions Monitor online has published an article featuring OMERS members who have invested in the Additional Voluntary Contributions (AVC) option.

The Future of Pension Investing

Tue, 17 Apr 2012 04:00:00 GMT

Ashby Monk of Institutional Investor has written an article which summarizes OMERS year end results.

OMERS Ventures Invests $20 Million for Equity Stake in Leading Canadian Startup HootSuite

Thu, 29 Mar 2012 04:00:00 GMT

OMERS Ventures, the venture capital investment arm of the OMERS Worldwide group of companies, and leading social media management system company HootSuite Media Inc., are announcing one of the largest Canadian venture capital transactions to take place in the past 10 years.

Toronto Port Authority Moves Forward on Bay Street Development

Wed, 28 Mar 2012 04:00:00 GMT

The Toronto Port Authority (TPA) announced today that it has selected a consortium led by Oxford Properties Group, the real estate investment arm of the OMERS Worldwide Group of Companies, as its preferred proponent for the redevelopment of its property at Bay and Harbour Streets.

Proposed Plan Change: Reservist Leave

Fri, 23 Mar 2012 04:00:00 GMT

Ontario employees who are reservists in the Canadian Armed Forces and who are deployed to an international operation or an operation in Canada that is providing assistance in dealing with an emergency or its aftermath are entitled under the Employment Standards Act, 2000 to an unpaid leave for the time necessary to engage in that operation (effective December 2007). During this time, their jobs are protected. The OMERS Sponsors Corporation (SC) is considering a plan change that would allow members and employers to share the cost of purchasing this leave period in the OMERS pension plans.

Borealis Infrastructure CFO Wins Prestigious Corporate Governance Award

Tue, 6 Mar 2012 05:00:00 GMT

Toronto, March 6, 2012 - Reena Sagoo, Chief Financial Officer of Borealis Infrastructure, is the 2012 recipient of the Gil Bennett Gold Standard Award, presented by The Directors College, a joint venture of McMaster University and The Conference Board of Canada.

OMERS Private Equity is a 2011 Winner of the Canadian Dealmakers Program

Thu, 1 Mar 2012 05:00:00 GMT

March 1, 2012 -- TORONTO - For the second consecutive year OMERS Private Equity ("OPE"), the private equity investment arm of the OMERS Worldwide group of companies, is a winner of the Canadian Dealmakers program.

Diversification Leads OMERS to Positive Investment Return in 2011

Fri, 24 Feb 2012 05:00:00 GMT

TORONTO (February 24, 2012) -- OMERS, one of Canada’s largest pension plans, ended 2011 with an all-time high of $55.1 billion in net assets. Net assets of the Plan, which administers pensions and invests pension assets for almost 420,000 members, have increased by almost $12 billion since the 2008 global credit crisis.

Oxford Properties Announces Major Lease at 1021 West Hastings to MNP LLP

Mon, 30 Jan 2012 05:00:00 GMT

Oxford Properties Group ("Oxford"), the real estate arm of the OMERS Worldwide group of companies, is announcing a significant lease agreement at its office development at 1021 West Hastings in Vancouver with MNP LLP.

Tributes to Michael Power

Thu, 19 Jan 2012 05:00:00 GMT

Michael Power, a long-serving member of the OMERS Administration Corporation Board, passed away this morning after being ill for the past few months. He was 69.

OMERS Private Equity and Partners Sell Cari-All Group to Wanzl Metallwarenfabrik GmbH

Tue, 17 Jan 2012 05:00:00 GMT

OMERS Private Equity, the private equity arm of the OMERS Worldwide group of companies, and a consortium equity group, including the Caisse de dépôt et placement du Québec, have sold Cari-All Group Inc. (together with its affiliates, "Cari-All" or the "Company") to German based cart manufacturer Wanzl Metallwarenfabrik GmbH ("Wanzl"). Founded in 1969, Cari-All is the leading manufacturer and distributor of shopping carts, shelving and backroom equipment to retailers across North America.

OMERS Named One of GTA's Best Employers

Thu, 24 Nov 2011 05:00:00 GMT

Employee development and engagement are just two reasons why OMERS has earned a spot on the list of Best Employers in the Greater Toronto Area.

OMERS Pensions to Increase by 2.84% for 2012

Wed, 23 Nov 2011 05:00:00 GMT

OMERS announced that pensions will increase by 2.84% as of January 1, 2012. This increase reflects the change in the cost of living as reported by Statistics Canada in the Canadian Consumer Price Index (CPI).

OMERS Commitment to Accessibility for Ontarians with Disabilities

Mon, 14 Nov 2011 05:00:00 GMT

Giving members with disabilities access to our services is a customer service commitment at OMERS.

Major Progress at Hudson Yards as Coach Inc. will Anchor First Tower

Tue, 1 Nov 2011 04:00:00 GMT

Mayor Michael R. Bloomberg, Related Companies, Oxford Properties Group and Coach, Inc., today announced that Coach's new global corporate headquarters will anchor the initial tower of the Eastern Rail Yards site within the 26-acre mixed-use Hudson Yards development site on Manhattan's far West Side.

New York Office Opening Expands Canadian Pension Fund's Global Footprint

Wed, 26 Oct 2011 04:00:00 GMT

OMERS, one of Canada's largest pension funds with $53 billion in net assets, is expanding its global reach through the official opening of an office in New York City.

OMERS Private Equity Acquires Great Expressions Dental Centers

Fri, 21 Oct 2011 04:00:00 GMT

OMERS Private Equity, the private equity arm of the OMERS Worldwide group of companies, has partnered with existing management to purchase GEDC Super Holdings Inc. (together with its affiliates, "Great Expressions" or the "Company") from affiliates of private equity firm Audax Group.

OMERS Named One of Best 50 Employers in Canada

Thu, 20 Oct 2011 04:00:00 GMT

A focus on employee development and engagement has earned OMERS recognition as a Best Employer in Canada for the fourth consecutive year.

Oxford Properties and CPP Investment Board Announce New Toronto AAA LEED Gold Office Tower Development

Fri, 14 Oct 2011 04:00:00 GMT

Oxford Properties, the real estate arm of the OMERS Worldwide Group of Companies, and CPP Investment Board (CPPIB) today announced the development of RBC WaterPark Place: a 930,000 square foot, 30 storey, class AAA LEED Gold office tower in downtown Toronto.

OMERS Hosts an Evening with Mary Poppins for the United Way

Fri, 7 Oct 2011 04:00:00 GMT

OMERS United Way Committee has organized an exclusive evening of the magical musical Mary Poppins, on November 22, 2011, in Toronto.

New Legislation in 2012 for Marriage Breakdown

Thu, 6 Oct 2011 04:00:00 GMT

Starting January 1, 2012, OMERS and other pension administrators in Ontario will have to follow new regulations for settlement of pension benefits in the event of a marriage breakdown (including common-law relationships).

OMERS Responds to Mississauga Judicial Inquiry Report

Mon, 3 Oct 2011 04:00:00 GMT

The Mississauga Judicial Inquiry Report was released today by the Inquiry Commissioner, Justice Douglas Cunningham. OMERS appreciates the work of the Commission and its recommendations related to the business practices of Ontario municipalities.

OMERS Launches Venture Capital Investment Arm

Mon, 3 Oct 2011 04:00:00 GMT

OMERS, one of Canada’s largest pension plans, is officially launching its new venture capital arm. OMERS Ventures is one of the country’s largest venture capital investors, providing financing for promising companies throughout the investment lifecycle.

New Streamlined Process for Buying Service

Fri, 23 Sep 2011 04:00:00 GMT

Applying for a cost to buy service in the OMERS Plan just got easier.

Size and Performance in Pension Plan Management

Tue, 20 Sep 2011 04:00:00 GMT

One of the key tenets of our 2011 – 2015 Enterprise-Wide Strategic Plan is the belief that there are economies of scale that that come into play when our investment professionals have access to a larger capital pool for investment opportunities.

OMERS Private Equity completes acquisition of V.Group Limitedfor US$520 million

Fri, 2 Sep 2011 04:00:00 GMT

London, UK,September 2, 2011 - OMERS Private Equity, the private equity arm of the OMERS Worldwide group of companies, today announcesthe successful closing of its previously announced acquisition of V.Group Ltd. ("V.Group") from Exponent Private Equity for an enterprise value of US$520 million.

New Rates Announced for OMERS Supplemental Plan

Mon, 29 Aug 2011 04:00:00 GMT

New contribution rates have been established for the OMERS Supplemental Plan for Police, Firefighters and Paramedics (the "Supplemental Plan"). The new rates, effective from January 1, 2011, were announced by the OMERS Sponsors Corporation (SC) in August.

Oxford Properties to Acquire Metro Toronto Convention Centre Complex from Canada Lands Company

Thu, 18 Aug 2011 04:00:00 GMT

TORONTO, ONTARIO--(Marketwire - Aug. 18, 2011) - Oxford Properties Group, the real estate arm of the OMERS Worldwide Group of Companies, is finalizing its acquisition of the Metro Toronto Convention Centre Complex ("MTCCC" or "the Complex"), a 7.4 acre mixed-use development in downtown Toronto.

OMERS Private Equity acquires V.Group Limited for US$520 million

Thu, 28 Jul 2011 04:00:00 GMT

London, UK, July 28, 2011 - OMERS Private Equity, the private equity arm of the OMERS Worldwide group of companies, today announces that it has signed a definitive agreement to acquire V.Group Ltd. ("V.Group") from Exponent Private Equity for an enterprise value of US$520 million.

OMERS conducts audit of pension data

Thu, 28 Jul 2011 04:00:00 GMT

From August to October 2011, OMERS Retired Member Services department will send letters to 350 randomly selected retirees and others receiving an OMERS pension.

OMERS Private Equity acquires Accelerated Rehabilitation Centers

Mon, 25 Jul 2011 04:00:00 GMT

CHICAGO, ILLINOIS and TORONTO, ONTARIO (July 25, 2011) - OMERS Private Equity, the private equity arm of the OMERS Worldwide group of companies, has partnered with existing management to purchase Accelerated Holdings, LLC (together with its affiliates, "Accelerated") from affiliates of private equity firm Gryphon Investors. Terms of the acquisition were not disclosed.

Evolution of OMERS Service Model

Fri, 8 Jul 2011 04:00:00 GMT

A message from Jennifer Brown, Chief Pension Officer, OMERS.

OMERS 2012 Contribution Rates and Plan Changes Announced

Tue, 5 Jul 2011 04:00:00 GMT

On June 28, 2011, the OMERS Sponsors Corporation (SC) approved changes to the OMERS Primary Pension Plan (OMERS Plan) and Retirement Compensation Arrangement (RCA).

Berkshire Partners and OMERS Private Equity Complete Acquisition of Husky International

Thu, 30 Jun 2011 04:00:00 GMT

Berkshire Partners LLC, the Boston based private equity firm, and OMERS Private Equity Inc., the private equity arm of the OMERS Worldwide group of companies, today announced the successful closing of their previously announced acquisition of Husky International Ltd. Based in Bolton, Ontario, Husky is a global supplier of highly engineered systems solutions and related aftermarket services and components for the plastics injection molding equipment industry and the leading supplier to the PET preform packaging industry.

Canada Post Shuts Down Urban Operations Nationwide: June 14, 2011

Wed, 15 Jun 2011 04:00:00 GMT

Following 12 days of rotating strikes by the Canadian Union of Postal Workers (CUPW), Canada Post has suspended operations across the country. Mail and parcels will not be delivered.

Berkshire Partners and OMERS Private Equity to Acquire Husky International

Tue, 3 May 2011 04:00:00 GMT

BOSTON, MASSACHUSETTS and TORONTO, ONTARIO - Berkshire Partners LLC, the Boston based private equity firm, and OMERS Private Equity Inc., the private equity arm of the OMERS Worldwide group of companies, today announced that they have signed a definitive agreement to jointly acquire Husky International Ltd. and its subsidiaries ("Husky") from Onex Corporation and its affiliated funds.

Mississauga Inquiry Update

Fri, 15 Apr 2011 04:00:00 GMT

The City of Mississauga Judicial Inquiry's evidentiary hearings and closing submissions were concluded on February 8, 2011. The Commissioner is now writing his report. When completed, the Commission’s website indicates that the Report will be transmitted to Mississauga City Council and made public.

Transitioning to retirement: The DB perspective

Thu, 14 Apr 2011 04:00:00 GMT

Ian Kinross, Director, Pension Communications and Education at OMERS, explains how innovations such as Additional Voluntary Contributions (AVCs) and the online myOMERS portal are helping a wave of baby-boom employees transition to retirement.

OMERS and telephone surveys

Mon, 28 Mar 2011 04:00:00 GMT

OMERS Again Awarded Global Pension Fund of the Year, Canada by World Finance

Tue, 8 Mar 2011 05:00:00 GMT

(Toronto) - OMERS, one of Canada's largest pension funds, has again been chosen by World Finance magazine as Global Pension Fund of the Year, Canada 2011.

OMERS Private Equity is a 2010 Winner of the Canadian Dealmakers Program

Thu, 3 Mar 2011 05:00:00 GMT

TORONTO - OMERS Private Equity ("OPE"), the private equity investment arm of the OMERS Worldwide group of companies, with Société générale de financement du Québec ("SGF"), is a 2010 winner of the Canadian Dealmakers program.

Our New Look!

Tue, 1 Mar 2011 05:00:00 GMT

Today we're unveiling a major redesign of omers.com. Certainly the look of the site has changed but behind the scenes we've also been busy including changing over to a new content management system and doing due diligence to ensure member privacy and information remains secure.

OMERS Net Assets Exceed $53 Billion in 2010

Mon, 28 Feb 2011 05:00:00 GMT

Today, OMERS announced its net assets rose to $53.3 billion as of December 31, 2010, up from $47.8 billion the year before. The total rate of return in 2010 was 12.01 per cent, compared to 10.6 per cent in 2009. The Plan's growth in net assets for 2009 and 2010 combined was $9.9 billion.

OMERS AVCs gaining momentum

Mon, 24 Jan 2011 05:00:00 GMT

The 400,000 members of one of Canada's largest pension funds now have an even better way to fund their retirement. Not only will OMERS members receive a top drawer pension, they can also add cash they've saved in their RRSPs into the mix.

OMERS President and CEO eyes five year expansion

Fri, 21 Jan 2011 05:00:00 GMT

Michael Nobrega, chief executive of the Ontario Municipal Employees Retirement System, has to figure out how to deploy about $20-billion into private investments in the next five years.

New year brings launch of OMERS AVCs

Fri, 14 Jan 2011 05:00:00 GMT

OMERS has been touring the province to introduce Additional Voluntary Contributions (AVCs) – the exclusive, members-only retirement savings and investment opportunity, which began January 1, 2011.

OMERS Private Equity acquires CBI Health Group

Tue, 4 Jan 2011 05:00:00 GMT

OMERS Private Equity ("OPE"), the private equity arm of the OMERS Worldwide group of companies, has partnered with management to purchase CBI Health Group ("CBI") from private equity firm Callisto Capital LP ("Callisto"). Terms of the acquisition were not disclosed.

Systems go live for launch of Additional Voluntary Contributions (AVCs)

Mon, 22 Nov 2010 05:00:00 GMT

System functionality permitting OMERS members to arrange their contributions to an AVC account is live. This marks the final preparation for the historic start of AVCs on January 1, 2011.

Borealis and Teachers' agree to acquire HS1, UK's only high-speed rail network

Fri, 5 Nov 2010 04:00:00 GMT

Borealis Infrastructure (Borealis), the infrastructure investment arm of the OMERS Worldwide group of companies, and Ontario Teachers' Pension Plan (Teachers') have jointly entered into a binding contract today for the purchase of High Speed 1 (HS1), Britain's only high-speed rail link to the Channel Tunnel, following a competitive tender process. The acquisition values HS1 at £2.1 billion.

OMERS pensions to increase by 1.61% for 2011

Wed, 24 Nov 2010 05:00:00 GMT

OMERS announced that pensions will increase by 1.61% as of January 1, 2011. This increase reflects the change in the cost of living as reported by Statistics Canada in its Canadian Consumer Price Index (CPI).

OMERS OAC Board Chair's response to Toronto Sun article dated Saturday, November 13

Mon, 15 Nov 2010 05:00:00 GMT

The Toronto Sun published an article on Saturday related to business expense costs incurred by some members of the OMERS executive team.

OMERS Named One of Best 50 Employers in Canada

Thu, 28 Oct 2010 04:00:00 GMT

A focus on employee development and engagement has earned OMERS recognition as a Best Employer in Canada for the third year in a row.

Oxford Properties purchases UBS Global Asset Management's 50% stake in Watermark Place

Mon, 4 Oct 2010 04:00:00 GMT

Oxford Properties, the real estate arm of OMERS pension fund, has exercised its pre-emption right to purchase the 50% stake in Watermark Place currently owned by UBS South East Recovery Fund (UBS-SERF, the Fund), which is managed by UBS Global Asset Management (UK) Ltd. Upon completion, Oxford Properties will have 100% control of the City Riverside redevelopment.

Temporary rate and benefit changes approved

Wed, 8 Sep 2010 04:00:00 GMT

OMERS Sponsors Corporation (SC) has approved temporary changes to support the funded status of the OMERS Primary Plan:

A planned three-year contribution rate increase for both members and employers, beginning in 2011, following the filing of the 2009 Primary Plan actuarial valuation with regulators this year.
Changes to the calculation of benefits members receive if they terminate employment before they're eligible for an early retirement pension. (This only affects benefits based on service earned after 2012.)

OMERS supports Ontario's pension system improvements

Wed, 25 Aug 2010 04:00:00 GMT

OMERS, one of Canada's largest jointly-sponsored public sector pension plans, applauded the province today for its efforts toward continued pension reform for the people of Ontario.

2011 temporary contribution rate increase

Wed, 25 Aug 2010 04:00:00 GMT

OMERS Sponsors Corporation (SC) has announced a three-year contribution rate increase for members and employers: an average 1% of a member's earnings per side in 2011, 1% in 2012, and 0.9% in 2013.

AVCs: Details of exclusive retirement savings option coming this fall

Mon, 23 Aug 2010 04:00:00 GMT

OMERS offers members more than the promise of a defined benefit pension. In its latest service undertaking, OMERS members will have the option to make additional voluntary contributions to an account similar in many respects to a registered retirement savings plan (RRSP).

OMERS conducts annual pension audit

Wed, 11 Aug 2010 04:00:00 GMT

OMERS annual audit of our pension database is underway. From August to October 2010, OMERS Internal Audit department will send letters to 1,000 randomly selected retirees and others receiving an OMERS pension.

Phase II of City of Mississauga Judicial Inquiry gets underway

Tue, 27 Jul 2010 04:00:00 GMT

The City of Mississauga Judicial Inquiry is now in its second phase. During this phase it is dealing with issues in connection with the acquisition by the City of approximately 8.5 acres of land in the city centre, of which OMERS was a part owner through its real estate division, Oxford Properties.

Successful Bid for Logibec Groupe Informatique Ltée

Tue, 20 Jul 2010 04:00:00 GMT

Logibec Groupe Informatique Ltée (TSX: LGI) ("Logibec") and OMERS Private Equity Inc. ("OPE") jointly announced today that 8,896,520 common shares of Logibec, representing approximately 98% of the outstanding Logibec common shares, have been tendered to the offer dated June 10, 2010 (the "Offer") made by OPE LGI Inc. (the "Offeror") to acquire all of the issued and outstanding common shares of Logibec at a price of $26.00 per common share.

OMERS executive appointed to Ontario pension tribunal

Fri, 16 Jul 2010 04:00:00 GMT

Jennifer Brown, OMERS Executive Vice President and Chief Pension Officer, has been appointed to the Ontario Financial Services Tribunal by Premier Dalton McGuinty. Ms. Brown's appointment for a two-year term is effective immediately.

OMERS SC approves plan changes

Mon, 5 Jul 2010 04:00:00 GMT

OMERS Sponsors Corporation (SC) has approved temporary changes to support the funded status of the OMERS Primary Plan:

A three-year contribution rate increase for both members and employers, beginning in 2011, following the filing of the 2009 Primary Plan actuarial valuation with regulators this year.
Changes to the calculation of benefits members receive if they terminate employment before they're eligible for an early retirement pension. (This only affects benefits based on service earned after 2012.)

Online access opens for retirees and deferred members

Fri, 2 Jul 2010 04:00:00 GMT

myOMERS – the secure online access tool for OMERS members – is now available for retirees and deferred members.

OSC issues order on proposed Magna transaction

Fri, 25 Jun 2010 04:00:00 GMT

The Ontario Securities Commission (OSC) last night issued an order requiring Magna to provide additional disclosure in its circular before it can proceed with a shareholder vote. The OSC decision follows this week's hearing to review Magna's proposed transaction to eliminate multiple voting shares.

G20 Impact on OMERS

Wed, 23 Jun 2010 04:00:00 GMT

As a result of the security preparations taking place to ready the downtown Toronto area for the G20 Summit on June 26 and 27, 2010, OMERS employees will not be working at the head office at One University in Toronto on June 24 and 25.

OMERS named one of GTA's Best 50 Employers by Hewitt Associates

Thu, 24 Jun 2010 04:00:00 GMT

Employee development and empowerment are just two reasons why OMERS has earned a spot on the 2010 list of Best Employers in the Greater Toronto Area.

OMERS Employees Take Part, Give Back

Wed, 2 Jun 2010 04:00:00 GMT

Employees of OMERS, one of Canada's largest pension plans, are marking the approach of summer with a major community volunteering effort.

Mississauga Inquiry Update

Mon, 31 May 2010 04:00:00 GMT

As announced in November 2009, the Mississauga Judicial Inquiry was called by the City of Mississauga to review processes internal to the City of Mississauga.

Privatization of Logibec Groupe Informatique Ltée

Thu, 27 May 2010 04:00:00 GMT

Logibec Groupe Informatique Ltée (TSX: LGI) (Logibec or the "Company") announced today that following a confidential strategic review process initiated in the summer of 2009, it has entered into a definitive agreement (the "Support Agreement") for its privatization by OPE LGI Inc., by way of a take-over bid (the "Bid").

Pensions estimates in minutes through our secure member service – myOMERS

Fri, 21 May 2010 04:00:00 GMT

Planning for retirement is easier than ever with the improved Retirement Income Estimator, a retirement planning tool for members available on myOMERS – our secure member site.

OMERS is looking for members with unclaimed benefits

Fri, 21 May 2010 04:00:00 GMT

OMERS commitment to pay benefits includes finding members with unclaimed benefits as well as ensuring our member information is accurate and complete. We have recently obtained the services of the National Search Unit (NSU) of Service Canada to help locate members who are no longer working for an OMERS employer but still have a benefit in the plan.

Deal Closes on the Acquisition of United States Infrastructure Corporation by OMERS Private Equity

Tue, 18 May 2010 04:00:00 GMT

OMERS Private Equity, the private equity arm of the OMERS Worldwide group of companies, is pleased to announce the closing of the acquisition of United States Infrastructure Corporation ("USIC").

myOMERS is a hit with members

Wed, 21 Apr 2010 04:00:00 GMT

Life keeps getting busier and the need for information at members' fingertips was a driving force behind the launch of myOMERS, the new site that provides online member access. Registrations are over 10,000 since the site launched in December, and the overall response has been glowing based on recent survey results.

OMERS Private Equity to Acquire United States Infrastructure Corporation

Tue, 20 Apr 2010 04:00:00 GMT

OMERS Private Equity, the private equity arm of the OMERS Worldwide group of companies, announced today that it has agreed to acquire United States Infrastructure Corporation ("USIC" or the "Company") from funds affiliated with Kohlberg & Company, L.L.C.

OMERS 2009 Annual Report "On Course" for members

Wed, 31 Mar 2010 04:00:00 GMT

OMERS 2009 Annual Report is now available on the OMERS website, marking the second year the report has been delivered in an online, environmentally friendly format.

The Close - Sale of Crown Assets to Large Institutional Investors

Tue, 9 Mar 2010 05:00:00 GMT

OMERS CEO, Michael Nobrega, was featured on BNN's television program The Close with host Michael Hainsworth on Tuesday, March 9 at 4:30 pm.

OMERS Releases 2009 Results - Rebounds to positive results following 2008 downturn

Mon, 1 Mar 2010 05:00:00 GMT

Today, OMERS announced a 10.6 per cent total rate of return for the year ended December 31, 2009, compared with a negative 15.3 per cent total rate of return in 2008. The average rate of return for the past five years now stands at 6.6 per cent, above the five-year average benchmark return of 5.8 per cent.

OMERS Awarded Pension Fund of the Year, Canada by World Finance Magazine

Mon, 22 Feb 2010 05:00:00 GMT

OMERS, one of Canada's largest pension funds, has been chosen by World Finance Magazine as Pension Fund of the Year 2010, Canada.

Mississauga Inquiry update

Fri, 12 Feb 2010 05:00:00 GMT

On February 10, 2010 Mississauga City Council rejected OMERS request that the City provide funding to cover the costs of OMERS participation at the Judicial Inquiry.

OMERS building new pension service options for members

Fri, 29 Jan 2010 05:00:00 GMT

Responding to the needs of its membership, OMERS is developing several new features and options. These will include:

A new option allowing members to purchase past service originating from a private sector pension plan to increase their OMERS benefit.
Online access for retirees and deferred members to their OMERS information.

Squeezeplay – Pension Plans

Fri, 18 Dec 2009 05:00:00 GMT

CEO Michael Nobrega was the featured guest on BNN TV's program Squeezeplay on Friday December 18 at 5:30.

Mississauga Inquiry update

Tue, 15 Dec 2009 05:00:00 GMT

OMERS lawyers were successful on Monday in obtaining full standing at the judicial inquiry into governance practices in the City of Mississauga. The City of Mississauga Judicial Inquiry is headed by respected jurist, the Honourable Mr. Justice Cunningham, Associate Chief Justice of the Superior Court of Justice.

Mississauga Inquiry update

Tue, 24 Nov 2009 05:00:00 GMT

Measures were taken last week to protect OMERS good name in the face of a recently launched judicial inquiry by Mississauga City Council. To ensure OMERS interests are protected during the inquiry, the OMERS Administration Corporation Board of Directors has unanimously given OMERS management their endorsement to investigate the option to request a judicial review.

OMERS pensions to increase 0.37% for 2010 - Further increase due to lower provincial tax rate

Mon, 23 Nov 2009 05:00:00 GMT

All OMERS pensions will receive an increase of 0.37% starting in January 2010. The increase reflects 100% of the change in the cost of living as measured by the Canadian Consumer Price Index (CPI).

OMERS supports mobilizing Toronto's financial sector

Thu, 19 Nov 2009 05:00:00 GMT

Toronto is at the centre of Canada's Financial Services industry and is poised to become one of the leading financial hubs in North America.

OMERS campaign for solvency funding changes

Wed, 18 Nov 2009 05:00:00 GMT

The Co-Chairs of OMERS Sponsors Corporation (SC), and Chair of OMERS Administration Corporation (AC), together sent a letter to the Ontario Minister of Finance, Dwight Duncan, reiterating some of their recommendations around solvency funding relief for jointly sponsored pension plans (JSPPs), such as OMERS.

Three OMERS names among Benefits Canada Awards recipients

Wed, 18 Nov 2009 05:00:00 GMT

The top 25 Most Influential Plan Sponsors, according to Benefits Canada Magazine, were announced last week, and three OMERS names were among them.

OMERS plan to manage deficit

Mon, 16 Nov 2009 05:00:00 GMT

There may be indications that the recession is coming to an end, but its effects are still being felt. At the end of 2008, the OMERS Fund posted a -15.3% total rate of return, and reported a $279 million funding shortfall.

ADC & HAS partners with OMERS Strategic Investments

Fri, 6 Nov 2009 05:00:00 GMT

HAS Development Corporation (HASDC), an affiliate of the Houston Airport System, and Airport Development Corporation (ADC), a Canadian airport developer, have announced the formation of a long-term strategic partnership with OMERS Strategic Investments (OSI), a member of the OMERS Worldwide group of companies

Mississauga Inquiry update

Thu, 29 Oct 2009 04:00:00 GMT

On October 28, Mississauga City Council voted to seek a Judicial Inquiry into certain activities involving the City. This review will include activities related to investments that OMERS has in that city. There have been several articles in the media regarding this matter.

Buying back service becomes budget-friendly

Wed, 14 Oct 2009 04:00:00 GMT

For some OMERS members, the deciding factor in whether to buy back service was the option of paying in monthly instalments, rather than one lump sum.

OMERS President and CEO earns highest accounting designation

Thu, 24 Sep 2009 04:00:00 GMT

OMERS is pleased to announce that Michael Nobrega, President and CEO, has been named a 2009 Fellow of the Institute by the Institute of Chartered Accountants of Ontario.

OMERS employees team up to support great work of United Way

Thu, 24 Sep 2009 04:00:00 GMT

OMERS employees are proud to support the work of United Way agencies. "The United Way provides critical support to agencies that build strong neighborhoods, provide services for seniors and opportunities for youth, help newcomers fulfill their potential, and much more," said John Macdonald, OMERS employee campaign chair.

Financial Services Tribunal – Notice of Hearing

Tue, 15 Sep 2009 04:00:00 GMT

Please see the following notice from the Financial Services Tribunal regarding an upcoming hearing in 2010.

OMERS executive appointed to Advisory Council on Pensions

Thu, 6 Aug 2009 04:00:00 GMT

The Ontario Minister of Finance has appointed a 13-member Advisory Council on Pensions and Retirement Income. The Council will advise the Minister on pension reform proposals and keep the government up-to-date on stakeholder viewpoints.

OMERS appoints new Chief Investment Officer

Wed, 29 Jul 2009 04:00:00 GMT

The Board of Directors of the OMERS Administration Corporation has unanimously approved the appointment of Michael Latimer as OMERS Executive Vice President and Chief Investment Officer (CIO), effective January 1, 2010.

OMERS commissions focus groups to get member feedback

Fri, 3 Jul 2009 04:00:00 GMT

OMERS periodically uses a research firm to conduct surveys with randomly selected plan members and employers. Starting July 3 and over the following few days, OMERS members and employers will be randomly selected and contacted to seek their permission to participate in focus groups to be held on July 14 and 15.

OMERS SC approves plan change proposals

Fri, 26 Jun 2009 04:00:00 GMT

OMERS Sponsors Corporation (SC) has approved two plan change proposals in a meeting in June 2009:
• a small contribution rate increase for both members and employers, starting in 2010, arising out of the decision to file the December 31, 2008, valuation; and
• a cap on the level of incentive pay included in contributory earnings, effective 2011.

OMERS in the news

Mon, 15 Jun 2009 04:00:00 GMT

As an industry leader OMERS and its investment entities are often in the news and we frequently respond to media calls related to our activities. At times we are able to arrange in-depth interviews for reporters with members of our senior team.

Legislation opens new opportunities for OMERS

Thu, 11 Jun 2009 04:00:00 GMT

OMERS announced today that it has recently been granted expanded powers by the Ontario government to provide third-party investment and pension administration services.

OMERS Private Equity Acquires Nordco Inc.

Tue, 2 Jun 2009 04:00:00 GMT

OMERS Private Equity, the private equity arm of the OMERS Worldwide group of companies, announced today that it has acquired Nordco Inc. from funds represented by The Riverside Company.

Research company contacting OMERS members, employers and retirees

Tue, 26 May 2009 04:00:00 GMT

From time to time OMERS undertakes research to get feedback from members. For this round of research, phone calls are being made to members, employers and retirees beginning May 26 and ending on or around June 4. Please be assured that this research is being done in the interest of your pension plan.

Clean and green – OMERS environmentally friendly investments

Fri, 22 May 2009 04:00:00 GMT

OMERS diverse investments are an essential part of funding pension benefits for your secure retirement. "The bottom line is that our investments must make strong returns to pay pensions," says Michael Nobrega, OMERS President and Chief Executive Officer.

Client Satisfaction surveys – results and privacy policy

Tue, 19 May 2009 04:00:00 GMT

OMERS asks stakeholders for feedback on service and the plan: OMERS uses a research firm to conduct telephone surveys with randomly selected plan members and employers. The latest survey series begins in May 2009. OMERS will be asking members and stakeholders to rate:

OMERS makes buying back service easier to manage

Mon, 11 May 2009 04:00:00 GMT

OMERS is pleased to offer its members a buy-back payment plan that can help make purchasing past service easier to manage. Members who are eligible to buy back service now have the option to pay for a buy-back in monthly payments over 12, 24 or 36 months, rather than a lump sum. This new option was launched May 11, 2009.

Retirees of the 2040's

Tue, 5 May 2009 04:00:00 GMT

Retirement and pension plans seem part of a distant future for Jennifer King, 27. She was shocked to see her year of retirement on her OMERS Pension Report.

Federal tax changes affect some retirees' net pension payments

Wed, 8 Apr 2009 04:00:00 GMT

As of April 1, 2009, many OMERS pensioners have seen a slight increase in their net pension payment. This is due to a recent change in federal income tax limits.

OMERS Releases On-line 2008 Annual Report, Sets course for the Future

Thu, 2 Apr 2009 04:00:00 GMT

OMERS announced the release of its first-ever web-based Annual Report, providing both a breakdown of the 2008 annual returns which include the returns of three other funds currently managed by OMERS

Plan changes approved by OMERS Sponsors Corporation

Wed, 11 Mar 2009 04:00:00 GMT

Active OMERS members who worked past their normal retirement date had to start their OMERS pension no later than the first of the month following their 69 th birthday. Active members who turned 69 started to receive their OMERS pension whether or not they continued to work, and would no longer make contributions.

OMERS Releases 2008 Results - Remains in Top-Quartile Among Peers

Mon, 23 Feb 2009 05:00:00 GMT

Today OMERS announced a negative 15.3 per cent total rate of return for 2008, compared with a positive 8.7 per cent total rate of return in 2007. In spite of the negative results in 2008, a positive average rate of return for the past five years of 6.9 per cent was realized which is in excess of OMERS five year average funding requirement and benchmark.

OMERS Chosen as one of 50 Best Employers in Canada

Fri, 20 Feb 2009 05:00:00 GMT

OMERS has been named as one of 50 Best Employers in Canada by Hewitt Associates, based on employee feedback. OMERS ranked 21st from over 200 participating organizations.

OMERS Expands in Western Canada

Wed, 11 Feb 2009 05:00:00 GMT

OMERS has announced that OMERS Strategic Investments, a member of the OMERS Worldwide group of companies, has completed the purchase of the business of Guard Resources Ltd. (GRL).

2009 OMERS Spring Information Meeting

Wed, 4 Feb 2009 05:00:00 GMT

The annual 2009 OMERS Spring Information Meeting will be held in Toronto on Friday, March 27. You can listen to the LIVE audio webcast available on our website.

Moving. Travelling. Giving back to the community.

Tue, 3 Feb 2009 05:00:00 GMT

What path leads to your retirement dream? Retirees are faced with many lifestyle decisions when they retire – which hobbies to pursue, where to volunteer, whether or not to return to work and where to travel.

OMERS plan remains stable and secure

Mon, 26 Jan 2009 05:00:00 GMT

2008 was a year of significant upheaval on the investment front around the world. What would you say to OMERS members about the status of the Fund at the end of 2008?

Wireless Carrier BMV Holdings Announces Investment Deal with Pension Giant OMERS

Thu, 8 Jan 2009 05:00:00 GMT

Low-cost wireless carrier BMV Holdings ("BMV") today announced that OMERS Private Equity, the private equity arm of the OMERS Worldwide group of companies, has signed an agreement to invest up to $50 million in the business.

OMERS Private Equity investment in Nelson Education

Tue, 6 Jan 2009 05:00:00 GMT

OMERS Private Equity (OPE) manages a diverse portfolio that consists of fund relationships and a growing number of direct investments. One direct investment is Nelson Education Ltd., Canada's leading educational publisher. They were acquired in a joint venture by OPE and Apax Partners in July 2007.