Progress on the Merger of the City of Toronto Pre-OMERS Pension Plans

The Public Gallery wrote no story on this item. What follows is the city’s own record of what happened to it, as filed: nothing on this page is summarised or scored by us.

The decision

2020-07-07 · General Government and Licensing Committee · adopted

As filed

The General Government and Licencing Committee: 1. Received the report (June 22, 2020) from the Controller for information.

On the agenda

As the city filed it

This report provides an update on both the completion of the merger with the Ontario Municipal Employees Retirement System (OMERS) of four (4) of the City's five (5) pre-OMERS pension plans, and the related surplus distribution process for the four (4) merged plans. The plans that have merged are; - The Corporation of the City of York Employee Pension Plan ("York Plan") - The Toronto Civic Employees' Pension and Benefit

Show the rest of As the city filed it, 262 more characters as filed

Plan ("Civic Plan") - The Metropolitan Toronto Police Benefit Fund ("Police Plan") - The Metropolitan Toronto Pension Plan ("Metro Plan") The City will continue to administer the Toronto Fire Department Superannuation and Benefit Plan for the foreseeable future.

Staff recommended

The Controller recommends that: 1. The General Government and Licencing Committee receive this report for information.

On the record

The item as the City filed it