OMERS announced that its pensions will increase by 2.84% as of Jan. 1, 2012. This increase reflects the change in the cost of living as reported by the Canadian Consumer Price Index.
OMERS announced that its pensions will increase by 2.84% as of Jan. 1, 2012. This increase reflects the change in the cost of living as reported by the Canadian Consumer Price Index.
Each January, OMERS pensions increase by the average increase in the CPP, to a maximum of 6%. If this figure is greater than 6%, the excess would be carried forward to the next year.
Members whose pensions began in 2011 will receive a pro-rated increase.
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