OMERS

The Ontario Municipal Employees Retirement System (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. , OMERS had C$121 billion of assets under management. 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.

In 2010, this fund also takes care of 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.

Organization

OMERS is governed by the ''Ontario Municipal Employee's Retirement Act, 2006'', an Ontario law which superseded the older ''Ontario Municipal Employees Retirement System Act''.

Under the 2006 law, OMERS is composed of two statutory corporations. In 2019, OMERS ventures launched a $315M European Venture fund, a fully owned subsidiary of OMERS Ventures led by Managing Partner Harry Briggs.

OMERS is a partner of the World Economic Forum.

See also

* Pension fund
* Caisse de dépôt et placement du Québec
* CPP Investment Board
* Ontario Teachers' Pension Plan
* Public Sector Pension Investment Board
* Alberta Investment Management Corporation
* OPTrust

External links

* https://www.omers.com/

References

Profile of OMERS Corporation
Bloomberg. 14:18, 15 November 2021 (UTC).

{{Private equity and venture capital

Organizations based in Toronto
Economy of Ontario
Public pension funds in Canada
Investment companies of Canada
Local government in Ontario
Organizations established in 1962
Private equity firms of Canada
1962 establishments in Ontario