Types of service you can buy back to increase your OMERS Plan credited service are:
Refunded service after 1991 (including a waiting period) with another registered pension plan.
- Leaves with an OMERS employer you didn’t purchase before the purchase deadline. For example, a pregnancy and parental leave that ended more than two years ago.
- with an OMERS employer – including a post-1991 waiting period to join the OMERS Plan or previously refunded service.
- A shortfall in transferred service – when the amount you transferred into the OMERS Plan from another registered pension plan didn’t buy the same amount of OMERS Plan credited service.
Starting January 1, 2020, if you rejoin the OMERS Plan after transferring the commuted value (CV) of your pension out of the OMERS Plan, you will have to wait five years from when you transferred your CV before you can buy back the associated service.
If you think you have service that you can buy back, contact OMERS Member Services to see if it’s purchasable.