Plan Features

Key elements of the Plan provide security and peace of mind.
Employer-matched contributions
You will contribute a percentage of your earnings to help pay for your future pension. Your employer will also contribute an equal amount. These contributions will fund a portion of your pension. OMERS investment earnings fund the balance. Optional features that maximize retirement income
Income for life
OMERS is a defined benefit pension plan, which means members can expect a predictable monthly income in retirement. Together with government benefits and savings, the OMERS Plan pension can grow into an important financial asset and play a key role in financial and retirement security. The Member Handbook outlines the benefits of the Plan
Early retirement options
You can elect and begin to receive an early retirement pension on/ after your early retirement birthday, 55th birthday for most members who have normal retirement age of 65, or 50th birthday for police and firefighters who generally have a normal retirement age of 60. Explore early retirement options
Survivor benefits
OMERS provides survivor benefits to designated loved ones in the event of the member’s death. For more information on survivor benefits
Disability protection
Disability benefits are an important feature of the OMERS Plan. In the event that a member is unable to work, he or she may be eligible for a disability benefits. See more on disability benefits