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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.
On November 22, 2024, the Minister of Municipal Affairs, Paul Calandra, appointed Poirier to undertake a governance review of the Ontario Municipal Employees’ Retirement System (OMERS) to ensure that its governance model is serving the interests of plan members in a fair, equitable, and transparent manner that supports the plan's long-term ...
The corporation was privatized in 1998, with shares going to the province, the municipal government of Toronto, the University of Toronto and the four founding hospitals. [4] The corporation was renamed as Enwave in 1999. [5] Over time, only two shareholders remained: the city with 43%, and the Ontario Municipal Employees Retirement System with ...
The existing 1965 City Hall of Toronto became the city hall of the amalgamated city, while Metro Hall, the seat of the former Metro government, is used as municipal office space. The community councils (unique among Ontario's cities) of Etobicoke–York, North York and Scarborough meet in their respective pre-existing municipal buildings.
Ontario Teachers' also invests the plan's pension fund and it is one of the world's largest institutional investors, acting as a partner organization of the World Economic Forum. [6] The plan is a multi-employer pension plan, jointly sponsored by the Government of Ontario and the Ontario Teachers' Federation.
City of Toronto workers on strike. The 2009 City of Toronto inside and outside workers strike (also known as the 2009 Toronto strike) was a legal strike action that was undertaken by the Toronto Civic Employees Union Local 416 and CUPE Local 79, two locals of the Canadian Union of Public Employees in the city of Toronto. It involved ...
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to not oppose any Nortel employee incentive program. [11] that the claims of continuing and former Canadian employees of Nortel will be treated as unsecured claims, unless there is a change to the Bankruptcy and Insolvency Act. that Nortel will stop topping-up its underfunded pension plan after the last payment made in March 2010. [12]
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