Your future is our focus

September 21, 2015

We realize that life is busy, with most of us focused on the demands of a busy home and work life. At OMERS, your future is our focus. Your OMERS pension should provide you with peace of mind that your future is secure.

Here are some features of your OMERS pension that you may not be aware of:

  • Income for life – your pension is paid for life, and with Canadians living longer, on average, chances are you’ll be receiving your pension for a very long time. With an OMERS pension, you won’t have to worry about outliving your retirement savings.
  • Steady payments – once retired, your pension doesn’t fluctuate like your other investments may, so you know exactly how much you will receive every month. You can plan with confidence.
  • Bridge benefit – if you retire before 65, OMERS bridge benefit supplements your income until you turn 65, when it is expected that your Canada Pension Plan pension will begin.
  • Inflation protection – your OMERS pension payments will adjust for inflation.
  • Survivor benefits – rest easy knowing that your spouse and dependent children are also secure.
  • Disability protection – in the event that you become unable to work, you may be eligible for a disability pension or a contribution waiver, allowing your pension to continue to grow.
  • Value for contributions – within five to seven years of retiring, most members get back the equivalent of all their contributions plus interest from their pension payments. The average OMERS member retires at age 62 and receives a pension for 25 years.
  • Tax-effective program – pension contributions are tax-deductible and your pension is taxed only as it becomes payable.
For more than 50 years, OMERS has been delivering on our promise of providing a secure and reliable source of retirement income to Ontarians like you.

Do you work with someone who is not enrolled in the OMERS Plan?

Why not talk to them about what it means to you to be a member? It’s important that part-time and other non-full-time employees who are not enrolled in OMERS find out about their options to join the Plan and make the right choice. As an OMERS member, you understand the peace of mind that comes with knowing you are saving for your retirement, and you know your pension is safe.

Encourage your colleagues to find out about OMERS and join the OMERS Plan.