The Case For Change at OMERS?

Jul 12 16:07 2018 Print This Article

A reader of my blog an member of OMERS sent me an email he received from OMERS Sponsors Corporation announcing proposed Plan options for consultation:Last month, we sent a special bulletin to members announcing important updates on the Comprehensive Plan Review, including revised timelines. In this latest edition, we’re sharing the results of the June Sponsors Corporation (SC) Board meeting, including the Plan change proposals and next steps.Highlights

Despite recent gains, the OMERS Plan remains financially vulnerable to longer-term pressures beyond our immediate control

Extensive modelling shows that the cost of the Plan will continue to increase over time – substantially under some circumstances

Possible Plan options are being considered to help stabilize Plan costs, reduce long-term funding risk, and introduce an important level of equity across generations

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About Article Author

Pension Pulse

Leo Kolivakis is an independent senior economist and pension and investment analyst with years of experience working on the buy and sell-side. He has researched and invested in traditional and alternative asset classes at two of the largest public pension funds in Canada, the Caisse de dépôt et placement du Québec (Caisse) and the Public Sector Pension Investment Board (PSP Investments). He's also consulted the Treasury Board Secretariat of Canada on the governance of the Federal Public Service Pension Plan (2007) and been invited to speak at the Standing Committee on Finance (2009) and the Senate Standing Committee on Banking, Commerce and Trade (2010) to discuss Canada's pension system.

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