http://www.omerssc.com/PlanChanges/4783.aspx

Two of the current proposals would allow police civilians or paramedics (in separate proposals) to have access to the benefits under the Normal Retirement Age 60 component of the OMERS Pension Plans. The proposals, if passed, would not automatically change benefits, but would allow the employers of police civilians or paramedics to provide the Normal Retirement Age 60 benefits to these groups, at their discretion.

The other proposals, in their current form, are forward-looking in that they affect benefits that would be earned in the future. There is no effect on benefits that will have been earned before the relevant effective date.

Please refer to the chart on the Plan Changes page for links to examples pertaining to the following proposals.

Reduce Pension Benefit Indexing to 50% - Members retiring after the effective date of the proposal will continue to be entitled to indexing at 100% of the increase in the Consumers Price Index (CPI), for service up to the effective date (December 31, 2013). Pension benefits earned after the effective date will only be subject to indexing at 50% of the increase in CPI. In the future, the SC would decide whether pension benefits earned after the effective date would receive additional indexing (i.e. up to 100% of the increase in CPI).

Delay Early Retirement Eligibility – Members can still retire 10 years before their normal retirement age (i.e. age 50 or 55). However, pension benefits earned after December 31, 2015 may be reduced by a larger amount for those who elect to retire more than 5 years prior to their normal retirement age.

Reduce Annual Benefit Accrual Rate – This proposal would reduce the formula for determining the pension benefit earned after December 31, 2014 (but only on earnings over the CPP maximum earnings level – the YMPE). There is no effect on benefits that will have been earned before the effective date.

http://prehospitalmedicine.sunnybrook.ca/