OMERS reports 6.7% return on investments for Ontario local public sector workers
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $205*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 26/02/2016 (3794 days ago), so information in it may no longer be current.
TORONTO – The OMERS pension fund is reporting a 6.7 per cent net return last year on the investments it manages for municipal and other public-sector workers across Ontario.
OMERS says its assets grew by $5 billion last year after expenses to about $77 billion, with 52 per cent in public investments and 48 per cent in private investments.
Returns for its private investments — including shares of private companies, infrastructure and real estate — outperformed public investments last year.
OMERS says its public investments earned 0.7 per cent while the private investments gained 14.5 per cent in 2015.
It also received $3.8 billion in contributions from plan members and employers, and paid out $3.4 billion in benefits.
The fund administrator says the results exceeded its long-term funding requirement for a 6.5 per cent annual return. Its funded status improved to 91.5 per cent from 90.8 per cent in 2014.
OMERS invests and administers pensions for Ontario municipalities, school boards, emergency services and local agencies.