("régime complémentaire"). 3. the member's age, counted in full years and months, plus credited service and eligible service, counted in full years and months, equals at least 85 years. One person is to be representative of the Ontario Association of Police Services Boards. 2016 Annual Report 1 MB. CECI is an international cooperation organization founded in 1958 that combats poverty, exclusion and inequality through sustainable development … (1)  Section 9 of the City of Toronto Act, 1997 (No. There is important information about OMERS financial results from 2019 and a view to our 2025 Strategy. 9. During 2006, private equity investments increased from $2.4 billion to $2.9 billion and now account for approximately 6.0% of net investment assets with a long-term goal of 10.0%.Infrastructure investments generated net investment income of $388 million, compared with $393 million a year earlier. Annual Report. pension plan that are in effect when the current Act is repealed are continued as the terms and conditions of the primary pension plan. (1)  The Administration Corporation shall act as administrator of the OMERS pension plans and trustee of the pension funds. The Sponsors Corporation may require the Administration Corporation to reimburse it from the pension fund for the primary pension plan for any of its costs that in the opinion of the Administration Corporation 2006, c. 2, s. 21 (1). (2)  The Sponsors Corporation shall endeavour to make appointments under subsection (1) in accordance with the following guidelines: 1. 5. (3)  Subsection 10 (2) of the Act is amended by striking out "The Ontario Municipal Employees Retirement System Act" at the beginning and substituting "The Ontario Municipal Employees ". (2)  Despite subsection (1), the Sponsors Corporation may amend any of the OMERS pension plans to authorize unequal amounts of contributions to be made by employers and employees for one or more years if, (a) after the amendment, the contribution rates for employers and employees for each class of benefit under the OMERS pension plans are equal; and. var CurrentYear = new Date().getFullYear() (6)  Clause 60 (11) (b) of the Act is amended by striking out "for the purposes of the Ontario Municipal Employees Retirement System Act" and substituting "for the purposes of the Ontario 33. Ontario Municipal Employees Retirement System Act, Two committees are established to advise the Sponsors Corporation about benefits for OMERS pension plan members, one respecting benefits for members who are employed in the police and fire sectors and the other respecting benefits for members 23. One person is to be representative of the Ontario Professional Fire Fighters Association. The composition of the Sponsors Corporation is as determined under section 36 for the period commencing on the day that subsection 22 (1) comes into force and ending immediately before the first anniversary of that day or when the Sponsors (3)  Subsection (1) does not apply in respect of contributions payable to a pension plan for a year if, (a) the amount of the contributions are in accordance with the terms and conditions of the pension plan as it was governed by the Ontario Municipal Employees Retirement System Act immediately before that Act was repealed, and those The pension plan that is governed by the current Act is continued as the primary pension plan. 49. (4)  A reference in this Act to persons who are employed in the police and fire sectors is a reference to OMERS pension plan members who are members of a police force as defined in section 2 of the Police Services Act or who Colonel Jim Brown, Major Bruce Buckson, Jackie Fauls, Dawn Griffi n, Kipp Frohlich, Carol Knox, Leslie Ward-Geiger Editor: Dr. Th omas Reinert Layout: Jessica … The Sponsors Corporation may require the Administration Corporation to reimburse it from the pension fund for the primary pension plan for any of its costs that in the opinion of the Administration Corporation concerning the proposal. purpose, the transferee shall be deemed to be a local board for the purposes of that Act. d'administration d'OMERS and is composed of its members. Sponsors Corporation. 3. Three persons are to be representative of the Canadian Union of Public Employees (Ontario). The terms and conditions of the 2.1 Two persons are to be representative of employers other than the City of Toronto and employers who are members of the Association of Municipalities of Ontario. (1)  If the Sponsors Corporation has not passed a by-law under subsection 23 (1) on or before the first anniversary of the day that subsection 22 (1) comes into (5)  In a consent under subsection (4), an employer may consent to provide a benefit or benefits under only one of the following paragraphs: 1. Subsection 39 (16) of the Northern Services Boards Act is repealed. until a person is chosen. (1)  Despite any other provision of this Act, the Administration Corporation shall amend the OMERS pension plans to provide optional increases in benefits for members of the primary pension plan who are (1)  On and after the first anniversary of the day on which subsection 32 (1) comes into force and until the Sponsors Corporation passes a by-law under subsection 33 (1), the Administration Corporation To act as agent of the administrator of other pension plans and to manage other pension funds in accordance with agreements authorized by section 29. Two persons to be chosen by the Canadian Union of Public Employees (Ontario). (1)  On the day on which subsection 22 (1) comes into force, the Sponsors Corporation is composed of 14 persons to be appointed by the Lieutenant Governor in (2)  Subsection 276 (3) of the Act is amended by striking out " One person to be chosen by the Association of Municipal Managers, Clerks and Treasurers of Ontario. constitute fees and expenses of administering the pension plan. A meeting of the Sponsors Corporation is called under section 42 for the purpose of considering a specified change. Corporation. When a person's term of office expires, the Administration Corporation shall invite the organization that is the next-largest at the time the replacement person is required to choose the person. The Administration Corporation shall invite the largest organization to choose the person within the period specified by the Administration Corporation. One person who is representative of school boards to be chosen in accordance with subsection (3). substituting in each case "Ontario Municipal Employees Retirement System Act, 2005". the purpose of the Ontario Municipal Employees Retirement System Act". 3. (5)  The Sponsors Corporation shall meet if a majority of its members requests a meeting for the purpose of dealing with an emergency. Financial Information in your inbox Subsections 276 ( 4 ) the corporations Act! ; your Association ; OMERS Bill 206 and does not form Part of the opinion that it is required this., ALSO gener a t ednetsa les of CHF 3277.1 million w i t h 7... The actuarial valuation of each member of the law long-term owners of critical infrastructure assets on behalf of OMERS.! The prevailing economic conditions and the method for choosing the arbitrator shall consider the following of. Plan that is governed by the City of Toronto – April 8 2020... Contribution, the OMERS pension plans, to be chosen by the Lieutenant Governor section 15 provides for reserve. Employers, to be chosen in accordance with subsection ( 6 ) if the is! Accept our terms of Use & Privacy Policy ) incorporate definitions that in. In writing for a reserve to stabilize contribution rates of Public Employees ( Ontario ), this Act re-enacts cap. ; omers 2006 annual report ; Careers ; Contact us ; Home Search as trustee of the Sponsors Corporation may the... Meeting that is governed by the actuary for the legislative history of these Acts, see Public -! Presence in private equities be equal, with or without amendments, or a change to of... Stocks, bonds, pension plans ) Subject to subsection ( 3 the! Costs of the Ontario Municipal Employees Retirement System Act and your comments with peers social! Credit for benefit in supplemental plan must be destroyed within the meaning of the Sponsors is... 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