MEPCO knows that municipal employers are preparing for the upcoming OMERS non-full-time employee Plan change. As of January 1, 2023, employees of an OMERS employer who work less than a full work week or fewer than 12 months a year – what we call “non-…
Pensions can be complicated. That's why MEPCO recruits a Board of Directors with the expertise needed to evaluate the impact of pension issues, and any proposed OMERS Plan changes, on municipal employers.
To better understand MEPCO's role, and some of…
MEPCO relies on voluntary contributions from municipal governments and Ontario’s district social services administration boards to complete its work. Since all OMERS-participating municipal employers benefit from MEPCO’s work, it is reasonable to expect…
Working toward a more sustainable OMERS Pension Plan
MEPCO knows that municipal employers continue to support the OMERS defined benefit pension plan. Municipal employers believe that the OMERS Plan must be sustainable and affordable for…
Earlier this year, OMERS released its 2022 annual results as part of the 2022 Annual Report, with a net investment return of 4.2%, representing $4.9 billion of net investment income. This is good news given global conditions. However, the Plan’s funded…
Janice Baker (FCPA, FCA ICD.D) retired in 2023 after a 35 year career in municipal government. She joined the City of Mississauga in 1999 as Commissioner of Corporate Services and Treasurer and was promoted to City Manager and Chief Administrative…
Jamie McGarvey was a Municipal Councillor for 29 years before being elected as Mayor of the Town of Parry Sound in 2010, a position he has held since then.
Jamie has been a Customer Service Advisor with Parry Sound Home Hardware for almost 45…
Laura Newman (FCIA, FSA) is an actuary with more than 30 years of experience. At WTW she provided strategic actuarial advice to organizations to support the effectiveness and long-term sustainability of their pension arrangements. During her career…
On behalf of the MEPCO Board of Directors, MEPCO is pleased to provide its 2023 Annual Report. In 2023, MEPCO continued to deliver on its mission to give municipal employers a strong and effective voice in the governance and administration of the OMERS…
