OMERS reports 6.7% return on investments for Ontario local public sector workers

TORONTO – The OMERS pension fund is reporting a 6.7 percent net return last year around the investments it manages for municipal along with other public-sector workers across Ontario.

OMERS says its assets grew by $5 billion last year after expenses to around $77 billion, with 52 percent in public investments and 48 percent in private investments.

Returns for its private investments – including shares of non-public companies, infrastructure and real estate – outperformed public investments last year.

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OMERS says its public investments earned 0.7 percent as the private investments gained 14.5 percent in 2015.

It also received $3.8 billion in contributions from plan members and employers, and paid out $3.4 billion in benefits.

The fund administrator says the outcomes exceeded its long-term funding requirement for a 6.5 per cent annual return. Its funded status improved to 91.5 percent from 90.8 percent in 2014.

OMERS invests and administers pensions for Ontario municipalities, school boards, emergency services and native agencies.