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OMERS functions as one of Canada's largest defined benefit pension plans, managing retirement income for over half a million Ontario municipal employees. It deploys a sophisticated investment strategy, allocating capital across a global portfolio including infrastructure, private equity, and real estate. This approach ensures plan stability and financial security for members.
Established in 1962 by an Ontario provincial statute, OMERS centralized retirement benefits and pension funds for municipal employees across the province. This legislative act addressed a critical need for a unified system, providing predictable, secure retirement provisions for public service professionals, replacing fragmented local arrangements.
OMERS serves its vast membership of Ontario municipal workers, committed to upholding the "Pension Promise." Its long-term vision delivers sustainable, reliable retirement income through diligent stewardship and responsible global investing. The organization continually adapts its strategy, ensuring the plan's enduring financial health and safeguarding participants' futures.