OMERS

"Omers" redirects here. For the ancient Israelite unit of dry measure, see Omer (unit). For the singular, see Omer (disambiguation).
Ontario Municipal Employees Retirement System
OMERS
Company typeStatutory corporation[1]
IndustryPension fund
Founded1962; 62 years ago (1962)
HeadquartersEY Tower
900-100 Adelaide Street West
Toronto, Ontario
M5H 0E2
Area served
Participating employers and employees in Ontario, Canada
Key people
Blake Hutcheson (CEO)
George Cooke (Board chair, Administration Corporation)
Michael Rolland (CEO, Sponsors Corporation)
Frank Ramagnano (Board chair, Sponsors Corporation)
OMERS funded status on a smoothed basis was 97% in 2023
Total assetsC$128.6 billion (2023)[2]
OwnerThe participating employers and employees of the OMERS pension plans
Number of employees
estimated 1000
ParentOMERS Administration Corporation Board of Directors
DivisionsOMERS Infrastructure
OMERS Capital Markets
OMERS Private Equity
Oxford Properties
Websiteomers.com

The Ontario Municipal Employees Retirement System[3] (OMERS) is a Canadian public pension fund, headquartered in Toronto, Ontario. OMERS is a defined benefit, jointly sponsored, multi-employer public pension plan created in 1962 by Ontario provincial statute to administer retirement benefits and manage pension investment funds of local government employees in the Canadian province of Ontario. As of December 31, 2022, OMERS had C$124 billion of assets under management.[2] OMERS serves over 1,000 participating employers and more than half a million active, deferred and retired employees. OMERS members are employed by municipalities, school boards, transit systems, local electrical distribution companies, police service boards, fire fighting and paramedic services, children's aid societies and associated local agencies, boards and commissions.[4]

In 2010, this fund assumed the pensions of firefighters, police officers, emergency physicians, employees of the Children's Aid Society, school employees other than teachers, public transport employees and Ontario Hydro employees.[5]

  1. ^ Cite error: The named reference cavalluzzo was invoked but never defined (see the help page).
  2. ^ a b "OMERS reports 2022 results" (PDF). OMERS. 2023-02-24. Retrieved 2021-02-24.
  3. ^ "About OMERS". OMERS. Retrieved 2020-09-17.
  4. ^ "About OMERS". OMERS. Retrieved 2020-09-17.
  5. ^ "Page Not Found". www.omers.com. Retrieved 2022-08-05. {{cite web}}: Cite uses generic title (help)