Automatic contributions are available to you if you are an . They're easy to set up, and:
- Are automatically withdrawn via pre-authorized debit or payroll deduction if your employer offers the AVC payroll deduction option.*
- Are subject to minimum and maximum contribution limits established by OMERS
- Are tax-deductible in the year they are made.
When deciding on how much, and how often, you wish to contribute, please remember that the $35 annual administration is not prorated and the full amount applies to your account regardless of the number of months contributed for the year. Keep this in mind when considering the amount, start date and frequency of your automatic contributions.
*OMERS employers can choose to offer the AVC payroll deduction option.