OMERS definition

OMERS means, Ontario Municipal Employees Retirement System.

OMERS means Ontario Municipal Employees Retirement Board, a corporation continued under the Ontario Municipal Employees Retirement System Act.

OMERS means OMERS Capital Partners and the funds affiliated with OMERS Capital Partners that indirectly hold Interests in the Debtors, each of their respective co-investment funds and affiliates, and any Person or Entity that has a direct or indirect interest in any of the foregoing Persons or Entities.

Examples of OMERS in a sentence

• When an employee/plan member is on short-term sick leave and receiving less than 100% of regular salary, the Board will continue to deduct and remit OMERS contributions based on 100% of the employee/plan member’s regular pay.

• As a result, the municipality does not recognize any share of the OMERS pension surplus or deficit.

• All non-teaching employees of the Board are eligible to be members of the Ontario Municipal Employees Retirement System (OMERS), a multi-employer pension plan.

• Because OMERS is a multi-employer plan, any pension plan surpluses or deficits are a joint responsibility of Ontario municipal organizations and their employees.

• Each year an independent actuary determines the funding status of OMERS Primary Pension Plan (the Plan) by comparing the actuarial value of invested assets to the estimated present value of all pension benefits that members have earned to date.

More Definitions of OMERS

OMERS means OCP LCF HOLDINGS INC.

OMERS means OMERS Administration Corporation, acting in its capacity as administrator of the OMERS pension plans, which are registered under the Ontario Pension Benefits Act and as trustee of the pension funds related to such pension plans;

OMERS means, together or individually, each of OMERS Administration Corporation (“OAC”) and one or more funds (including limited partnerships, corporations or trusts) formed by or on behalf of OMERS Infrastructure Management Inc. for the purposes of ensuring OACʹs compliance with the Pensions Benefit Act (Ontario);

OMERS means OMERS, the defined benefit pension plan for Ontario’s municipal sector employees.

OMERS. ’ means OMERS Administration Corporation, a corporation without share capital continued under the Ontario Municipal Employees Retirement System Act, 2006 (Ontario) to act as administrator of the pension plans that comprise the Ontario Municipal Employees Retirement System and as trustee of such pension funds;

OMERS means the Ontario Municipal Employees Retirement System as provided for in the Act;

OMERS shall have the meaning set forth in Section 4.5.