Bill 206 - OMERS Act

The Ontario Municipal Employees Retirement System Act, 2006 (OMERS Act), also referred to as Bill 206, came into force on June 30, 2006. Through the Act, the Ontario Government devolved itself from its central sponsorship role and established a new and independent governance model for OMERS. The OMERS Sponsors Corporation now determines Plan design and contribution rate changes while the OMERS Administration Corporation manages the Plan’s day to day operations including investment strategy, plan valuation and pension benefit administration.

The Act fundamentally changed AMO’s role in OMERS governance and administration by legislating AMO to appoint employer representatives to the Sponsors Corporation and Administration Corporation.

2007

2006

2005

OMERS - Bill 206 Receives Second Reading and Heads Back to Standing Committee. December 15, 2005

Bill 206: An Act to Revise the Ontario Municipal Employees Retirement System Act, 2005 - AMO Submission to the Standing Committee on General Government. November 24, 2005

AMO's Comments on OMERS Bill 206 - Standing Committee. November 8, 2005

Status Update and Sample Municipal Resolution. October 26, 2005

Estimate Your Potential Cost for Supplemental Pension Plans Under Bill 106. Template created by MFOA to assist in estimating increased OMERS pension costs associated with supplemental plans for NRA 60 (police & fire) and NRA 65 members. October 13, 2005

OMERS Costing Information Released. September 27, 2005

2005 OMERS Supplemental Plans. OMERS impact of Supplemental Plans using hypothetical employer and employee situations. September 23, 2005

Understanding Bill 206 - Proposed OMERS Reforms. September 21, 2005

Bill 206 OMERS Update. September 9, 2005

Province Introduces OMERS Devolution Bill. June 1, 2005