 | |
| OMERS | |
| Company type | Statutory corporation[1] |
| Industry | Pension fund |
| Founded | 1962 |
| Headquarters | EY 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 95% in 2022 | |
| Total assets | C$124 billion (2022)[2] |
| Owner | The participating employers and employees of the OMERS pension plans |
Number of employees | estimated 1000 |
| Parent | OMERS Administration Corporation Board of Directors |
| Divisions | OMERS Infrastructure OMERS Capital Markets OMERS Private Equity Oxford Properties |
| Website | omers |
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[update], 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]
