August 21 - 22, 2013

Strategic Planning

During a day and a half strategic planning session, the SC discussed the environment the OMERS Pension Plans operate in and the potential impact on the sustainability of the OMERS Pension Plans. The Plan Design Information Committee (PDIC, a committee of eight) was tasked with considering triggers which would indicate when changes are needed and potential benefit reduction options to put the plan on a more sustainable footing.



2014 Board Nomination and Appointment Process

Under the new OAC Board nomination and appointment process, affected Sponsor Organizations were asked to put forward up to three nominees for appoinment to the OAC Board by August 31, 2013.  At its meeting of August 22, the SC Board received an update on the status of the process and granted a sponsor organization's request for additional time for submission of nominations.