OMERS has announced that pensions will increase by 0.9% as of Jan. 1, 2014.
OMERS has announced that pensions will increase by 0.9% as of Jan. 1, 2014.
This increase reflects 100% of the change in the cost of living as measured by the Canadian consumer price index (CPI).
Each January, OMERS pensions increase by the average increase in the CPI, 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 2013 will receive a pro-rated increase.
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