OMERS, officially the
Ontario Municipal Employees Retirement System, is a
pension fund created by
statute in 1962 to handle the retirement benefits of local government employees in the
Canadian province of
Ontario. It has become one of the largest
institutional investors in Canada. Over the past 20 years approximately two-thirds of the capital added to the pension fund has been through investment returns, while about 1/3 has been added by contributions split evenly between employees and employers. , OMERS had 65.1 billion
Canadian dollars in net investment assets. OMERS serves 982 employers and almost 440,000 members, retirees and survivors, including municipal workers, firefighters, police, emergency services staff,
Children's Aid Society workers, school board staff (non-teaching), and transit and hydro workers.