FINANCIAL_SERVICESONGOING

The Corporation of the Township of Sables-Spanish Rivers Regular Meeting Minutes 2026-05-27

Township Maintains Employee Pension Contributions to OMERS

$133,405 (2025 contributions)Township of Sables-Spanish RiversOMERSMay 27, 2026

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Description

The Township continues its participation in the OMERS defined benefit pension plan for eligible employees, contributing $133,405 in 2025 at the established statutory rates. OMERS provides ongoing pension administration and investment services under this multi-employer arrangement.

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 participation; contribution rates 9.0% up to YMPE and 14.6% above, as of January 1, 2025

Renewal Info

Participation in OMERS is ongoing under provincial framework; contributions continue annually at prescribed rates with no fixed renewal date.

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Issuing Agency

Township of Sables-Spanish Rivers

Township

Massey, Canada

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Vendor