Pelham, ON L3B 5N5
The OMERS Sponsors Board is proposing to make the following change that will hurt your pension:
- Changes to early retirement provisions.
- Changes to how your pension is calculated, which for some would mean a substantial loss in benefits.
- And worse than the previously proposed modified indexing, OMERS is now proposing “conditional inflation protection” or conditional indexing.
Taken together, all three of these proposed changes represent a significant financial loss to OMERS pensioners. We have people working on the exact calculations of what this will mean for you and your fellow members, but based on what we know so far, it would be somewhere in the ball park of 20% overall loss in guaranteed benefits going forward.
Please come out and learn more about your OMERS Pension Plan