The interests of OMERS members, employers, unions, sponsors and other stakeholders are represented by two corporations with separate and distinct mandates:
OMERS Sponsors Corporation (SC) provides strategic and risk oversight, and decision-making with regard to designing pension benefits, setting contribution levels, and determining the composition of the two OMERS Boards.
OMERS Administration Corporation (OAC) provides strategic, risk and operational management in serving Plan members and employers, collecting contributions and paying pensions, and investing the Plan funds.
This bicameral (two-part) structure provides for the effective operation of OMERS as a whole. Specifically, it helps to ensure broad input into decision-making by considering the interests of a large number of stakeholders, and focused expertise in key areas, including Plan design, member and employer service, and investments.
The two corporations and their Boards work together, closely and collaboratively, to meet a singular goal: the delivery of secure and affordable defined benefit pensions that address the needs of both members and employers.