OMERS Pension Guide

What happens if I leave service?

It is important to remember that the Plan belongs to you. In the event of leaving service, any of the following options could apply:

➢ You can continue your Plan in full or at a reduced contribution level. ➢ You can stop all contributions – with the plan value remaining fully invested. ➢ A transfer value can be paid to any other approved pension arrangement. ➢ There are NO penalties for stopping contributions or for moving the Plan to another arrangement in the future.

Please note that contributions cannot be refunded to you on leaving service.

Can I switch the value of other existing Pensions to this Plan?

Yes - and it often makes good sense to consolidate pension arrangements. However, each existing plan should be carefully reviewed before making any final decisions. You should take advice before considering any pension transfer.

11