The portfolio lost $407-million in 2013, however, due to a sudden spike in interest rates. Within a few years, Mr. Latimer intends to reduce that to about 53 per cent. The fund's 10-per-cent return for 2014 is an improvement from 6.5 per cent earned in 2013, when OMERS introduced a new investment strategy that lost money. Schedule of Fees and Expenses 138.8 KB. Site Map The fund currently has a net five-year annualized rate of return of 7.9 per cent, and a 10-year annualized return of 7 per cent. We like the stable cash flows that infrastructure provides to the portfolio," said Jonathan Simmons, chief financial officer at OMERS. By Kara Murphy, Karan Singh, Franz-Robert Klingan, Joshua Weisbrod, Nirad Jain. 6 Annual Report 2014 The Municipal Employer Pension Centre of Ontario (MEPCO) Highlights: Contribution rates capped at a blended rate of 22.6%. “Smoothed” evens out the variations in annual returns over a five-year period. Annual Reports 2019 Annual Report 1.4 MB. The “discount rate” is the interest rate used to estimate the dollar value of OMERS long-term pension obligations. 2019 Annual Report 1.4 MB. OMERS did not detail the results for the new portfolio in 2014, but the fund said its $41-billion capital markets portfolio in total earned returns of 10.7 per cent for the year. The Ontario Municipal Employees Retirement System reported its assets climbed to $72-billion in 2014, up from $65-billion at the end of 2013. Strategic Investments is the smallest of OMERS main divisions with $2.2-billion in assets invested in alternative areas, including resources and energy, venture capital and emerging new markets such as airport management and lottery operations. Readers can also interact with The Globe on Facebook and Twitter . The plan is now 90.8 per cent funded, up from 88.2 per cent a year earlier. That means: If you do not see your comment posted immediately it is being reviewed by our moderation team and may appear shortly. 50 000 customers As of December 2019, OMERS had C$109 billion in net investment assets. In February we shared our Annual Report which details our performance for the previous year. We aim to create a safe and valuable space for discussion and debate. 2019 Funded Status Reports. OMERS Ontario Municipal Employee Retirement System PHC Peel Housing Corporation PSAB Public Sector Accounting Board WSIB Workplace Safety and Insurance Board. We use cookies to ensure our website works properly and to collect statistics about users in order for us to improve the website. 2009 Annual Report 2.3 MB 2014 annual financial report Prepared by the Corporate Finance Division, Finance Department and the Communications Division, Service Innovation, Q3 2014. Fiscal 2013. Past Annual Reports downloads - 2018 annual report, 2016 annual report, 2015 annual report, report to members, report to employers, Most Canadians did not set aside retirement funds in 2014: poll, CPPIB posts 3.3 per cent third-quarter return, Canada’s pension assets still overwhelmingly in DB plans: study, It’s time to help young Canadians bear the burden of higher costs, Due to technical reasons, we have temporarily removed commenting from our articles. Earnings Release 272.8 KB. 2014 Annual Report PRINTABLE VERSION. 2014 Annual Information Form 485.7 KB. The New York office of this Canadian- based pension fund has achieved 100%. Q2 2014. participation in its fundraising and volunteer efforts for New York Cares. Subject: Annual Report for Fiscal Year ending June 30, 2013 From: Staff of the OMERS Board Recommendation: APPROVE printing and publication of the Annual Report of the Oakland Municipal Employees’ Retirement System for the Fiscal Year ending June 30, 2013. 2016 Annual Report 1 MB. Follow topics and authors relevant to your reading interests. Read More The Report on the Ontario Municipal Employees Retirement System (OMERS) Governance Review 2012, prepared by independent Reviewer Tony Dean has been released by the Ministry of Municipal Affairs and Housing (MMAH). Now, before I go over the 2020 Annual Meeting webcast and share my thoughts, please go read my comment on OMERS 2019 results and take the time to read OMERS 2019 Annual Report which is available here. Member Gilmore made a motion to approve the print production and distribution of the 2013 OMERS Annual Report, second by member Hill. Approve print production of 2013 OMERS Annual Report – The board and staff reviewed the 2013 OMERS Annual Report. 2010 Annual Report 724.9 KB. I will use information from the 2019 Annual Report but … 2015 Annual Report 5 Chairs' Message increase at 100% of the consumer price index (CPI). Past Annual Reports downloads - 2018 annual report, 2016 annual report, 2015 annual report, report to members, report to employers, Click here to subscribe. News Release 4th quarter fiscal 2014 3rd quarter fiscal 2014 2nd quarter fiscal 2014 1st quarter fiscal 2014. Comments that violate our community guidelines will not be posted. The only negative return for a major investment group was posted by OMERS Strategic Investments, which lost 10 per cent last year. Annual Report 2013 Date: March 31, 2013. 4. OMERS said its Borealis Infrastructure division posted gains of 12.7 per cent, Oxford Properties real estate earned 8.7 per cent and OMERS Private Equity investments earned 14.4 per cent. 2014 Annual Information Form 485.7 KB. If you are looking to give feedback on our new site, please send it along to, To view this site properly, enable cookies in your browser. In 2014, OMERS sent two teams to PS 677 K. in East New York, which serves over 500 elementary school students. The plan is now 90.8 per cent funded, up from 88.2 per cent a year earlier. Figures are annual and are in CAD as at December 31, 2019. How We Are Invested Schedule 690 KB. Your use of a third-party website is at your own risk and subject to the terms and conditions of that site. 2014 Report 4.5 MB. This article was published more than 5 years ago. y can . These reports provide an in-depth look at how we approach responsible investing, including our incorporation of environmental, social and governance (ESG) factors into investment decision-making processes, active ownership (through proxy voting and engagement) and disclosure. omers needs and . As of 2014, OMERS' portfolio was weighted towards the public markets, which made up 58 per cent of investments. MEPCO’s Board has been concerned about growing contribution rates. Healthcare continues to be an attractive area for private equity investment as the landscape evolves. The Ontario Municipal Employees Retirement System (OMERS) is a Canadian pension fund created by Ontario provincial statute in 1962 to manage the retirement benefits of all local government employees in the Canadian province of Ontario. 2017 OMERS Annual Report 4 2017 Highlights Our 2020 Strategy continues to serve us well as a roadmap, leading us to another year of strong results. Q3 2014 Report 3.6 MB. $ 494 million CAD turnover +140 laboratories including one reference national laboratory (associated to the National Metrology Institute of Denmark) +125 customer satellites +3 700 employees. OMERS says that 2014 results beat its benchmark of 7.7 per cent. Q3 2014. e new and es and y ., ., sound o our .. . Annual Report 2014 Date: March 31, 2014. Owned by its managers and OMERS, the defined benefit pension plan for municipal employees in the Province of Ontario, Canada Key figures. In this way, contribution rates and benefits are set using a more stable, long-term view of investment performance. Earnings Release 1.1 MB. For more information, please read our. If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Welcome to The Globe and Mail’s comment community. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Q2 2014 Report 3.1 MB. OMERS grew net assets by $2.6 billion last year, but 12.7 per cent return fell short of target. Past Annual Reports downloads - 2019 annual report, 2018 annual report, 2016 annual report, 2015 annual report, report to members, report to employers, The Report to Members will be distributed in hard copy to Plan members – including you and your constituents. Armed with a 30-member team of powerhouse investment professionals, OMERS entered the New York City market in 2011, seeking not only to make a mark in the business community, but in the community as a whole. Klöckner & Co SE Annual Report 2014 CUST OMERS 150, 000 BRANC HES IN 1 5 COUNTRIES AND WITH 2 20 LOCA TIONS KEY FIGU RES 2014 SALES 6,504 m EBITDA 191 m DIVIDEND € 0.20 * Dividend proposal to the Annual General Meeting on May 12, 2015 * Now, before I go over the 2020 Annual Meeting webcast and share my thoughts, please go read my comment on OMERS 2019 results and take the time to read OMERS 2019 Annual Report which is available here. Caisse eyes ‘substantial infrastructure opportunities’ in the U.S. Omeros makes no representation as to the accuracy of the information on sites we do not own or control and does not recommend or endorse content on any third-party websites. Top 10 Stocks Held By OMERS ADMINISTRATION Corp By Holdings Channel Staff, updated Sunday, December 27, 10:49 AM. Fiscal 2014 Quarterly Reports 3rd quarter fiscal 2014 2nd quarter fiscal 2014 1st quarter fiscal 2014. Motion passed. *The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. Avoid the use of toxic and offensive language. pertaining to OMERS pension fund conversion to individual annuities. How We Are Invested Schedule 852.7 KB. 2015 Annual Report 11.8 MB. Owned by its managers and OMERS, the defined benefit pension plan for municipal employees in the Province of Ontario, Canada Key figures +350 million euros turnover +150 laboratories including one reference national laboratory (associated to the National Metrology Institute of Denmark) +220 customer satellites +3 850 employees. We started publishing an annual responsible investing report in 2016. Primary Financial’s office located at 700 Washington The 2014 results are the first reported by new OMERS chief executive officer Michael Latimer, who replaced retiring CEO Michael Nobrega last year. In the mean time, OMERS has already pledged to increase its exposure to infrastructure investments in countries such as Canada and the U.S., as well as Australia. Provide a description of the 4% of public sector pension plans which are Defined Contribution (DC) (as mentioned in the report) in comparison to our pension plans Defined Benefit (DB). "I think once we establish that road map … we will put the pin in the map, and we'll be focused.". Q2 2014. As per 2014 OMERs Annual Report: 1 year 3 year 5 year 10 year Net return 10% 8.5% 7.9% 7% 6. The Ontario Municipal Employees’ Retirement System (OMERS) serves a total active and retired membership of over 360,000 and nearly 900 employers.. OSSTF/FEESO represents nearly 11,000 OMERS contributors and has a permanent seat on the Sponsorship Corporation. This is a space where subscribers can engage with each other and Globe staff. OMERS needs to earn a long-term 6.5-per-cent annualized return on its investments to meet its pension obligations. 351 King Street East, Suite 1600, Toronto, ON Canada, M5A 0N1, Just $1.99 per week for the first 24 weeks, var select={root:".js-sub-pencil",control:".js-sub-pencil-control",open:"o-sub-pencil--open",closed:"o-sub-pencil--closed"},dom={},allowExpand=!0;function pencilInit(o){var e=arguments.length>1&&void 0!==arguments[1]&&arguments[1];select.root=o,dom.root=document.querySelector(select.root),dom.root&&(dom.control=document.querySelector(select.control),dom.control.addEventListener("click",onToggleClicked),setPanelState(e),window.addEventListener("scroll",onWindowScroll),dom.root.removeAttribute("hidden"))}function isPanelOpen(){return dom.root.classList.contains(select.open)}function setPanelState(o){dom.root.classList[o?"add":"remove"](select.open),dom.root.classList[o? 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