OMERS earned 11.5% return in 2017

first_img Canadian plan sponsors post positive quarter despite bond slump Pension fund manager OMERS earned an investment return of 11.5% after all expenses last year, topping the 10.3% result it posted in 2016.The defined-benefit pension plan for Ontario’s municipal employees said all of its major asset classes performed well for the year. Budget 2021 revives tax issues from 2019 Keywords PensionsCompanies Ontario Municipal Employees Retirement System Related news Canadian Press center_img OMERS public equity investments were up 14.7% in 2017, while its total fixed income earned 4.3%.Private investments by the fund earned 11.6% including 11.1% by private equity, 12.3% by infrastructure and 11.4% by real estate.The pension fund said it’s funded status in 2017 improved to 94%, up from 93.4% in 2016.OMERS invests and administers pensions for members from municipalities, school boards, emergency services and local agencies across Ontario. Facebook LinkedIn Twitter Federal budget fails to support needed pension reform, retiree group says Share this article and your comments with peers on social medialast_img

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