The Social Value of the Plan

Research confirms that the OMERS defined benefit pension plan generates social and economic value for communities in Ontario, underscoring the importance of preserving OMERS as a defined benefit pension plan

Background

In 2017, OMERS asked Deloitte to determine if the greater certainty of income in retirement that comes with the OMERS defined benefit pension plan generates social value for communities and governments.

The study surveyed almost 1,000 OMERS respondents, and compared OMERS members who are retired, or near retirement, with a similar group who do not have a defined benefit pension plan. Survey results were controlled for income, age, gender and geographic differences.

Summary of Findings 

OMERS members are more likely to:
  • feel healthier overall and stay more active in retirement;
  • be active community participants;
  • be financially resilient; and
  • show more self-reliance, both financially and non-financially.

Key Highlights of Social Value Research

Economic Value

In addition to the social value created by OMERS members in the community, there is also positive economic value created by the Plan through the impact of benefit payments, investments and job creation.

$4 billion in annual pension payments Supports retirement security

Taxes paid on retiree pension income Helps fund government priorities

Investing in companies Creates jobs

Download the Social Value Infogaphic

  • Research Summary (297.0 KB)

    Social Value Infographic

  • Full Deloitte Research Report (3.0 MB)

    Social Value of the Plan

Frequently Asked Questions