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
Ontario Municipal Employees Retirement System Act, 2006, S.O. 2006, c. 2. Link to the legislation
New OMERS Sponsors Corporation and Administration Corporation Established. July 4, 2006
OMERS Bill 206 - Status of Supplemental Plans. March 3, 2006
CUPE Strike Called Off, Review of Bill 206 to Occur in 2012. February 23, 2006
Bill 206/OMERS CUPE Strike Update. February 10, 2006
AMO’s Opposition to OMERS Bill 206 – A Reality Check (Backgrounder). February 10, 2006
CUPE Strike - AMO Calls on Province to Protect Public Interest and the Delivery of Municipal Programs and Services. February 9, 2006
AMO Urges Province to Protect Public From Proposed OMERS Reforms and an Illegal CUPE Strike (News Release). February 6, 2006
OMERS Bill 206 - More Amendments - Bill Remains Flawed. February 2, 2006
Province Determined to Impose New Pension Costs on Municipalities and Taxpayers (News Release). February 1, 2006
Bill 206: An Act to revise the Ontario Municipal Employees Retirement System Act, 2005 (AMO Submission). January 26, 2006
Bill 206, An Act to Revise the Ontario Municipal Employees Retirement System Act. (Backgrounder). January 2006
OMERS Bill 2016 - Update. January 16, 2006
Letter from Roger Anderson, AMO President, to all Heads of Council Re: Bill 206. January 16, 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