Township of Sables-Spanish Rivers Agenda Packet 2026-05-27
Township Continues OMERS Pension Contributions
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Description
The Township continues participation in the OMERS multi-employer pension plan, contributing $133,405 in 2025 for employee retirement benefits. Contribution rates are 9.0% up to the yearly maximum pensionable earnings and 14.6% above that threshold.
Contract Details
Contract Amount
$133,405 (2025 contributions)
Vendor
OMERS
Agency
Township of Sables-Spanish Rivers, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 27, 2026
Contract Term
Ongoing multi-employer defined benefit pension participation
Renewal Info
Participation in OMERS continues indefinitely subject to provincial framework and Township employment practices.
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