Brian Poncelet

OMERS still underwater….time for Plan B

Please read updates below.  2013 was a good year for the markets and good returns…how long will that last?

The key is if you have a pension it is wise to have money outside your pension as well.

Toronto (February 24, 2014) – The OMERS Primary Pension Plan concluded 2013 with a $1.3 billion reduction in unfunded liability, an improvement in its funded ratio by 3% to 88%, $4 billion in total investment income, and a stronger balance sheet and cash flows to secure its long-term obligation to pay defined pension benefits to its 440,000 plan members.


Faced with a $10-billion pension-funding deficit, one of Canada’s largest pension funds is considering a drastic proposal that would reduce benefits paid to retiring workers — or force them to work years longer for the same retirement income.



Brian Poncelet




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