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OMERS is a defined benefit, jointly sponsored, multi-employer public pension plan created in 1962 by Ontario provincial statute to administer retirement benefits and manage pension investment funds of local government employees in the Canadian province of Ontario. As of December 31, 2022, OMERS had C$ 124 billion of assets under management. [2]
The windup of the $5 billion Nortel pension plan began in October 2010. Between that time and July 2011, Nortel pensioners had been receiving their full pensions even though actuaries have determined that the pension trust is underfunded by $1.5 billion. The reduced payments are to retroactively reflect those overpayments.
The Ontario Teachers' Pension Plan Board ( French: Régime de retraite des enseignantes et des enseignants de l'Ontario) [5] is an independent organization responsible for administering defined-benefit pensions for school teachers of the Canadian province of Ontario. Ontario Teachers' also invests the plan's pension fund and it is one of the ...
Website. www .ontario .ca /page /ministry-transportation. The Ministry of Transportation ( MTO) is the provincial ministry of the Government of Ontario that is responsible for transport infrastructure and related law in Ontario, Canada. The ministry traces its roots back over a century to the 1890s, when the province began training Provincial ...
Ontario regulates approximately 8,350 employment pension plans, which comprise more than 40 per cent of all registered pension plans in Canada [1] It was originally enacted as the Pension Benefits Act, 1965 (S.O. 1965, c. 96), and it was the first statute in any Canadian jurisdiction to regulate pension plans. [2]
Number of vehicles. 2,429 commuter rail cars. 6,418 subway cars. 61 SIR cars. 5,725 buses [1] The Metropolitan Transportation Authority ( MTA) is a public benefit corporation responsible for public transportation in the New York City metropolitan area of the U.S. state of New York.
pods .com. PODS, or P ortable O n D emand S torage, is a moving and storage company. It was founded in 1998 and is based in Clearwater, Florida. [2] PODS is owned by the Ontario Teachers' Pension Plan. [3]
Ontario Power Generation Inc. Ontario Power Generation Inc. ( OPG) is a Crown corporation [2] [3] and "government business enterprise" [4] that is responsible for approximately half of the electricity generation in the province of Ontario, Canada. [5] It is wholly owned by the government of Ontario. [6]
Milton Transit is the public transit system in the town of Milton, Ontario, Canada. Milton is in Halton Regional Municipality, part of the Greater Toronto Area . Milton Transit began its present service on August 16, 2004 and expanded from 3 fixed routes to 5 fixed routes on September 5, 2005. It replaced the former dial-a-bus and GO Transit ...
Headquarters. Toronto, Ontario. , Canada. Total assets. C$ 31 billion [1] (Dec 31, 2020) Website. www .opb .ca. The Ontario Pension Board in Canada is an independent organization responsible for administering defined-benefit pensions for certain employees of the provincial government and its agencies, boards, and commissions.