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Featured InsightRebecca Liu
On Monday, July 13, the Ontario government announced that 24 regions in Ontario are moving to the Stage 3 of the provincial re-opening plans effective Friday, July 17, 2020. The Orders made under the Emergency Management and Civil Protection Act giving effect to this announcement have not yet been published and we will provide further updates on the Stage 3 reopening as may be necessary. In order that you may continue your Return to Work planning, however, here is what we know as of today.
OMERS Announces Significant Plan Amendments, Including Amendments to Support Members Affected by COVID-19
Participating employers in the Ontario Municipal Employees Retirement System (OMERS) should be aware of five amendments to the OMERS Primary Pension Plan (Primary Plan) approved by the OMERS Sponsors Corporation Board (SC Board) on June 24, 2020. The changes will be of interest to employers in the municipal and school board sectors with employees who participate in OMERS and include several amendments to address COVID-19-related issues. In addition, two non-COVID-19-related amendments were adopted, including a major change to eligibility for non-full-time employees.
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