OMERS – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 26 Apr 2024 20:02:31 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/canadian-investment-review/db-investments/top-5-hr-benefits-pension-and-investment-stories-of-the-week-75/ Fri, 08 Mar 2024 14:00:52 +0000 https://www.benefitscanada.com/?p=152916 An article on Eastman Kodak Co.’s plans to outsource management of its pension assets was the most-read story on BenefitsCanada.com. Here are the top five human resources, benefits, pension and investment stories of the week: 1. Kodak outsourcing US$1.6TN of pension assets to maximize overfunded status 2. OMERS returns 4.6% for 2023, driven by equities, fixed income […]

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]]> Pension funds improving modestly on climate but more work to be done: report https://www.benefitscanada.com/canadian-investment-review/research-markets/pension-funds-improving-modestly-on-climate-but-more-work-to-be-done-report/ Wed, 28 Feb 2024 20:00:49 +0000 https://www.benefitscanada.com/?p=152436 Canada’s largest public pension funds are showing modest improvements on climate action but are moving too slowly overall, according to a new report by a climate advocacy group. The progress report from Shift Action for Pension Wealth and Planet Health found four of the 11 pension plans it examined still don’t have emissions reduction targets […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-73/ Fri, 23 Feb 2024 14:00:27 +0000 https://www.benefitscanada.com/?p=152277 An article on how the Ontario Municipal Employees Retirement System has contributed to the province’s gross domestic product was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the week: 1. OMERS pension benefits accounted for 9.3% of Ontario retirement income in 2023: report […]

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]]> OMERS pension benefits accounted for 9.3% of Ontario retirement income in 2023: report https://www.benefitscanada.com/pensions/defined-benefit-pensions/omers-pension-benefits-accounted-for-9-3-of-ontario-retirement-income-in-2023-report/ Thu, 15 Feb 2024 14:00:35 +0000 https://www.benefitscanada.com/?p=152014 Retirement benefits paid out by the Ontario Municipal Employees Retirement System accounted for 9.3 per cent of retirement income in Ontario in 2023, according to a new report by the Canadian Centre for Economic Analysis. The report analyzed data related to the OMERS’ pension payments, operations and assets. It found members’ retirement income alone supported […]

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]]> OMERS appointing Celine Chiovitti as chief pension officer https://www.benefitscanada.com/notice/appointment-notice/omers-appointing-celine-chiovitti-as-chief-pension-officer/ Wed, 07 Feb 2024 14:00:16 +0000 https://www.benefitscanada.com/?p=151701 The Ontario Municipal Employees’ Retirement System is appointing Celine Chiovitti as chief pension officer, effective Feb. 6, 2024. In the new role, she’ll continue to oversee 400 employees at the OMERS who provide pension administration for more than 600,000 plan members. Read: OMERS Ventures appointing Michael Yang as managing partner, head of ventures Chiovitti first […]

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]]> CPPIB, Oxford Properties sell two Vancouver office buildings, OMERS closes €750 million term notes offering https://www.benefitscanada.com/canadian-investment-review/alts/cppib-oxford-properties-sell-two-vancouver-office-buildings-omers-closes-e750-million-term-notes-offering/ Tue, 06 Feb 2024 16:00:35 +0000 https://www.benefitscanada.com/?p=151592 The Canada Pension Plan Investment Board and Oxford Properties Group Inc., the real estate arm of the Ontario Municipal Employees’ Retirement System, are selling two downtown office towers in Vancouver for about $300 million, according to reporting by Bloomberg. The investment organizations will sell the buildings, located at 402 Dunsmuir St. and 401 West Georgia […]

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]]> OMERS evaluates sale of LifeLabs, CPPIB sells stake in software company https://www.benefitscanada.com/canadian-investment-review/alts/cppib-sells-stake-in-visma-buys-portion-of-commercial-real-estate-asset-joint-venture/ Mon, 22 Jan 2024 20:00:22 +0000 https://www.benefitscanada.com/?p=150939 The Ontario Municipal Employees’ Retirement System is considering the sale of LifeLabs Inc., according to a report by The Globe and Mail. A spokesperson for the infrastructure arm of the OMERS said the investment organization has held preliminary negotiation talks with “multiple potential buyers” but is currently not in any late-stage discussions. The report said […]

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]]> Q&A with Metrolinx’s Lisa Ritchie https://www.benefitscanada.com/archives_/benefits-canada-archive/qa-with-metrolinxs-lisa-ritchie/ Fri, 15 Dec 2023 13:54:00 +0000 https://www.benefitscanada.com/?p=148446 The organization’s vice-president of talent acquisition and total rewards discusses promoting careers to equity-deserving communities, a new menopause policy and the stability of joining a defined benefit pension plan. Q: What top challenges do you face in your role? A: One of the organization’s commitments to creating an equitable, diverse and inclusive culture is to […]

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]]> Caisse invests $200M in Swedish battery maker, OMERS closes US$1BN term notes offering https://www.benefitscanada.com/canadian-investment-review/alts/caisse-invests-200m-in-swedish-battery-maker-omers-closes-us1bn-term-notes-offering/ Tue, 21 Nov 2023 16:00:41 +0000 https://www.benefitscanada.com/?p=147411 The Caisse de dépôt et placement du Québec is investing $200 million in a Swedish company developing and manufacturing lithium-ion batteries for electric vehicles. The new funding, via convertible debt, will help finance the development of a planned multi-billion dollar EV battery plant in Quebec. In August, the Canada Pension Plan Investment Board, the Investment Management […]

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]]> OMERS invests $546.8M in sports conglomerate, CPPIB sells stake in German wind farm assets https://www.benefitscanada.com/canadian-investment-review/alts/omers-invests-546-8m-in-sports-conglomerate-cppib-sells-stake-in-german-wind-farm-assets/ Thu, 09 Nov 2023 16:00:38 +0000 https://www.benefitscanada.com/?p=146576 The Ontario Municipal Employees’ Retirement System is acquiring an indirect five per cent stake in Maple Leaf Sports & Entertainment Ltd. The shares are part of a 20 per cent stake the OMERS is buying in Kilmer Sports Inc., which owns 25 per cent of MLSE. The deal is worth $546.8 million. The MLSE owns the Toronto […]

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