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The Ontario Municipal Employees Retirement System [3] (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.
A map of Toronto's Census Metropolitan Area, which contains a large portion of the GTA Toronto is the central city of the Greater Toronto Area. Mississauga is the largest city in Peel Region and the second-largest city in the Greater Toronto Area. Brampton, also in Peel Region, is the third-largest city in the Greater Toronto Area.
It was intended to cover the 3.5 million workers in Ontario who would not receive a comparable workplace pension after their retirement. [1] [2] Plans to implement the ORPP were cancelled in 2016 following an agreement between the federal government and the provinces to expand the Canada Pension Plan. [3] [4]
In the Greater Toronto Area, there are 25 incorporated municipalities in either York Region, ... City 523,906 1,967.1 593,638 2,228.7 656,480 2,469.0 Brock ...
The federal government and its provincial counterparts moved to enhance the Canada Pension Plan to provide working Canadians with more income in retirement. [14] These changes were principally motivated by the declining share of the workforce that was covered by an employer defined-benefit pension plan, which had fallen from 48% of men in 1971 ...
[1] There are 158 neighbourhoods officially recognized by the City of Toronto (in 2022, 34 neighbourhoods were created from 16 of the previous 140) [2] and upwards of 240 official and unofficial neighbourhoods within city limits. [3] The current City of Toronto is the amalgamation of the former Metropolitan Toronto municipalities.
Beginning in the late-2000s, the term "Greater Toronto and Hamilton Area" was introduced by a few public bodies [a] to refer to the GTA and the city of Hamilton as a single entity. The population of the combined area is 7,281,694 as of 2021, [ 6 ] and is projected to grow to 8.6 million by 2031. [ 7 ]
The Ontario Pension Board in Canada is an independent organization responsible for administering defined-benefit pensions for certain employees of the provincial government and its agencies, boards, and commissions.
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