9. Unauthorized login and use of e-access is prohibited. Your pensionable service is used to determine your eligibility for pension. 2023. 2 billion. News. 1%, or a gain of $3. Additionally, I had an excess contribution, and so will receive a check for $16,800 (less tax). The pension formula is worse for HOOPP if i’m understanding it correctly: OMERS calculation is a flat 2% x years of service x your best five average. $5,000 – $10,000 – withholding rate is 20%. If the period between now and February 2023 could be repeated many times, the average 2023 projected prices would be near $6. Learn more about myOMERS. With the OMERS defined benefit pension plan you can confidently retire knowing that you will have income for life. Use different calculators for members - contribution type RCA = 0 if 2x contribution costs applies Yes 27 biweekly pay periods 53 weekly pay periods (Please contact OMERS with any questions related to annual incentive pay, which is excluded from this calculator. 545% of your annual salary below the year's maximum pensionable earnings (YMPE), plus 11. at 1-800-668-6203. Below are several terms and their approximated equivalents in both metric and imperial measurements. If your DB pension pays $3,000 per month, the CV pension value could be close to $540,000. Summary. In this fact sheet, we refer to. To obtain benefit estimates under the public service pension plan, you can access the Web Compensation Web Applications (available on Government of Canada network only)—Pension calculator. TORONTO, Aug. OMERS sent me a package of options with what to do with the pension I had contributed so far: 1. If Ling decides not to pay for the shortfall, she will receive 8 years of credited service in OMERS. OMERS has reduced its portfolio’s carbon. 1. The formula for OMERs is 2% x avg salary of highest 5 consecutive years x years of service. Get started with the myOMERS Retirement Income Estimator Preparing to retire Preparation for retirement includes estimating what your income will be – from all sources – once you retire. It produces the same estimate you would receive by contacting OMERS to request one, is accessible 24/7 and takes only a few minutes. OMERS teams work in Toronto, London, New York, Amsterdam, Luxembourg, Singapore, Sydney and other major cities across North America and Europe – serving members and employers, and originating. Calculators Financial Needs Analysis. The amount your contribute is dependent on your standard retirement age set by Omers. OMERS members are encouraged to consult a qualified financial adviser prior to making any investment decisions. If they feel the pension was profitable they will give an cost of living increase and if not then you get nothing. You have to fill out the T4A slip, Statement of Pension, Retirement, Annuity, and Other Income, if you made any of the payments listed above and one of the following applies:. 24 bushels (50 dry gal. Free calculator to help optimize pension payout or planning. Try Now! OMERS Plan pension formula Your OMERS Plan lifetime pension + bridge benefit to age 65 equals 2% x credited service (years) x “best five” earnings Less OMERS Plan bridge benefit at age 65 0. In Canada, non-unionized employees at OMERS can get up to 24 months of severance pay when they are fired or laid off from their job. *The CPP earnings limit is also called the Year’s Maximum Pensionable Earnings (YMPE). 350. The mole is defined as the amount of a substance that contains the same number of particles (atoms, molecules, or ions) as there are in 12 grams of carbon-12. OMERS is unable to calculate a termination. I used the OMERS pension adjustment calculator with a simple $100,000 contributory earnings. OMERS says it earned an investment return of 4. If you have any questions about your COLA and the impact to your pension, please contact us at 416-364-5035 or toll-free in Canada and the U. . 7% net investment return, well above the benchmark we set at the start of the year. While this is great for retirement, your take home pay will be a lot lower. Your total payout from OMERS will therefore be the $8,000 commuted value and. CANCEA has attributed this to the increased financial security that having access to secure and stable income at retirement has, enabling them to play an increased role in their communities. 75. Ecology. 2400 Fax: + 1 416. For estimate purposes, the results provided assume that all service purchased is fully indexed. If you have already joined OPTrust Select and want an estimate of your future. Escrow: The monthly cost of property taxes, HOA dues and homeowner's insurance. 8 billion, during the six-month period from January 1 to June 30, 2023. Important: OMERS termination estimates can only be completed for a termination date in the month that the request is made. Estimators & Calculators Pension Estimator Buyback Estimator Your Pension Profile PensionEase Log In Help Webinars Videos and Information Sessions. Good survivor benefits. Pension Adjustments (PAs) - omers. OMERS will provide you with a. 3% of final average earnings up to the Year's Maximum Pensionable Earnings (YMPE) and 2% of earnings above the YMPE. 4 billion of net investment income. These contributions are credited with the Fund’s net rate of return for the calendar year, prorated to reflect when the deposit was made. Service in the OMERS Plan In the OMERS Plan, there are two types of service. OMERS covers your contributions and your employer’s contributions. Two years ago, OMERS announced Shared Risk Indexing (SRI) as a tool to manage the health of the Plan in the future. ago. Credited Service This is the paid service (years and months) you have in the OMERS OMERs is a pretty big outfit with more than 1,000 participating employers. 9. At age 65, I will receive $4750/year. In 2023, beginning with the first pay period in January, your annual contributions are: 8. You may be able to beat them elsewhere. OMERS members are encouraged to consult a qualified financial adviser prior to making any investment decisions. 15 min × (1 hr / 60 min) = (15/60) hr = 0. This acts as a monthly income source when you no longer have regular income from salary. When factoring in bonuses and additional. 135. com) Correspondence regarding OMERS listed below: Title Link; 2022 11 08 COTAPSA Response: Download. Phone: +1 416. 50% = $795. If no such adjustment is desired, just use "0" as the input. Changes to early retirement provisions. Buy-back calculator AVC calculator Pension education Retirement planner We’ve created new and innovative tools to support members through their. 12 (1). 0%. What is the bridge benefit? It is a monthly amount payable to Canadian Armed Forces (CAF) annuitants in addition to the normal monthly benefit payable under the Canadian Forces Superannuation Act (CFSA). Your pension is protected against inflation to help you. OMERS pension income provides peace of mind. 6% per month prior to age 65) while deferring CPP until after age 65 results in an enhancement in payments (0. Weights: Hebrew: Talent (3,000 shekels or 60 minas, sometimes translated “100 pounds”) 34. I left an Omers Employer after 4 years, currently working at another job (Manulife provider). Severance is the compensation a non-unionized worker in Canada receives from their. We outperformed our absolute benchmark of 6. While the Amortization Calculator can serve as a basic tool for most, if not all, amortization calculations, there are other calculators available on this website that are more specifically geared for common amortization calculations. 2012 Pension Adjustments (PAs) - omers. Estimate your retirement income. 2 x 45 = 90. “bad”, “neutral”, “good”). 2 years, and you live to be 90, and you retire at 65: 7. Step 2: Let’s get calculating . I think around 11-13 percent of my income is automatically saved (no option to lower) and my employer matches this. Important! This guide provides important information for OMERS members about contributing to the Additional Voluntary Contribution provision (AVC provision) of the. This Policy sets out funding objectives and identifies risk factors and risk management mechanisms to deliver on the pension promise. 2022. m. My Calculators in their myOMERS account. 2045. Members include union and non-union employees of municipalities, school boards, transit systems, electrical utilities, emergency services and children. As at December 31, 2021, the City's agencies and corporations had 14,748 active OMERS members and represented 5% of the overall OMERS membership. OMERS also provides better spousal benefits. Estimate your retirement income. Calendar Generator – Create a calendar for any year. Later this fall, OMERS is adding new enhancements to the myOMERS Retirement Planner to help members calculate an. CPP and OAS payments will be adjusted upward in 2024 based on inflation, likely in the 3-5% range. Reply. 89%, so OMERS pensions increased by 1. $75,000 (subject to undefined actuarial reduction based on leaving 6 months prior to 55) or Option 2. m. Use this calculator to find the average or mean of a data set. This calculator will help you understand the factors that can affect your Canada Pension Plan (CPP) or Quebec Pension Plan (QPP). $795 x 30 years = $23,850. Project Manager salaries at OMERS can range from $68,009 - $213,159 per year. OMERS termination estimates are available to you and can be requested anytime during the year so long as you have not exceeded the two-estimate limit for that calendar year. The Estimator can calculate your monthly pension payment, survivorship options and GPS one-time payments and bonus service. Pension Benefit:Ephah (10 omers) 0. OMERS. Retirement Calculator. Related Statistics Calculators. OMERS said it is about 86 per cent funded and expects the deficit to be eliminated gradually over the next 10 to 15 years. Depending on the years when the service occurred and on the provisions of the CAAT Pension Plan, your service may or may not be fully indexed. The YMPE is the highest level of salary on which Canada Pension Plan contributions can be made. The indexing of public service pension plan benefits is governed by two pieces of legislation; the Public Service Superannuation Act (PSSA) and the Supplementary Retirement Benefits Act (SRBA). There are a number of tools available to help you calculate your potential pension income. Security Guard Patrol - Mississauga Hospital - Full-Time. The value for Somers’ D ranges between -1 and 1 where. Mortgage Calculator. Together with government benefits and your savings, your OMERS Plan can grow into an important financial asset and play a key. This marginal tax rate means that your immediate additional income will be taxed at this rate. Sales Tax Rate. 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. 6%. The employer groups making the proposal said in a note that the because of the funding deficit, “contribution rates are currently at an all-time high putting a significant strain on members and their employers, at a time. 16, 2023 (GLOBE NEWSWIRE) -- OMERS generated a net investment return of 3. ”Changes to the calculation of commuted pension values in Canada are making it more challenging for defined benefit pension plan members to determine an optimal day to quit their job and receive. The OMERS pension is paid to you after you retire for as long as you live. Plan formula: 1. Account for interest rates and break down payments in an easy to use amortization schedule. Your total pensionable service is the sum of your periods of current service, service that has been bought back and service transferred through a Pension Transfer Agreement. In regards to returns, OMERS returns are ok but among the worst of the large pension plans. SRI provides OMERS with the option to adjust the level of inflation protection on benefits earned after December 31, 2022. 7% of overall contributions paid to OMERS. Mr. Calculate. Years of service = credited service + eligible service. The Actuarial Cost Estimator uses the data you enter to estimate the cost of a service purchase. Example 1 Ling joins OMERS with 10 years of credited service and $40,000 available for transfer into OMERS from her previous plan. 51%, as illustrated in the tables below. Active members can also contribute regularly, from as low as $40 per month, via pre-authorized debit or payroll deduction if your employer offers the AVC payroll deduction option. CPP Calculator. OMERS Pension Buy Back Question. OSSTF/FEESO represents nearly 16 000 OMERS contributors and has a permanent seat on. Overall, the paper finds no systematic rela-tionship between the size of pension plan as-sets and their cost (measured as a percentage of assets). Starting in 1997, the offset is $600. To find out how much it may cost you to buy back past service, you can request. all members, and approximately 9. The same 10-year period in OMERS has a value of $50,000. Ontario Municipal Employees' Retirement System, Toronto, returned a net 4. In this example, if the member waited to start their pension until age 65 (the normal retirement age in the Plan) or reaching 85 points, their unreduced pension would be $1,000 per month ($12,000 annually). Somers’ D, short for Somers’ Delta, is a measure of the strength and direction of the association between an ordinal dependent variable and an ordinal independent variable. The formula for OMERs is 2% x avg salary of highest 5 consecutive years x years of service. caIf you die after you have started receiving an OPTrust pension, under the current terms of the Plan, your eligible spouse or eligible child (for as long as the child is eligible) will receive a survivor pension based on 60%* of the pension you were receiving when you died. *BUT*, HOOPP provides indexing at 75% of CPI and OMERS provides 100% indexing. 12 (1). 90 (this is inserted in the calculation above as the benefit entitlement) For further examples, see the PA. One omer Biblical converted into cup dry US equals = 9. Considers the effects of a lump sum or monthly payouts, single-life or joint and survivor payouts. The cash contributions can only be done on a monthly basis of $250 or $115 biweekly basis maximum. 🌐 Languages: EN, ES, PT & more: 🏆 Practice: Improve your math skills: 😍 Step by step: In depth solution steps: ⭐️ Rating: 4. Having a defined benefit pension means you can expect a predictable monthly income for life. 2 years, and you live to be 90, and you retire at 65: 7. 25 = 7. Results I n 2021, we earned a one-year net investment return of 15. Pension increases for retired members and their survivors are calculated each year using Consumer Price Index (CPI) data. 14. In an interview with the Star, CEO Blake Hutcheson tries to explain what went. Tax is withheld at the following rates: For payments up to $5,000 – the withholding rate is 10%. To obtain benefit estimates under the public service pension plan, you can access the Web Compensation Web Applications (available on Government of Canada network only)—Pension calculator. 30 years from now, your salary might be much higher and you’ll reap the benefits in your pension. If you are completing a calculation for an OTRFT member in respect of 2019, you must use the spreadsheet, available in the Employer Manual. 50, 50. 2%. Report of the Human Resources Committee and Compensation Discussion & Analysis. 64900. We’ve put together a list of the pros and cons of taking the lump-sum pension payment option here. I can't remeber if it is 2022 or 2023. 325% x Best Five up to AYMPE and 2% x Best 5 over the AYMPE. To calculate your monthly pension, we use: Your average annualized earnings (measured over your best five consecutive years) Years you contributed to the Plan. Your pensionable service is used to determine your eligibility for pension. No matter what retirement looks like for you, enter a few simple metrics in our retirement calculator to find out if you are on track. Base salary is ~$96,000 but through some overtime hours I'm on track to make $142,000 this year. OMERS Private Equity Software Engineer Salaries. C. Sign, fax and printable from PC, iPad, tablet or mobile with pdfFiller Instantly. Converting from minutes to decimal hours. The money you set aside from every paycheque is. Common types of service you can buy back include a waiting period to join a plan, a parental. 350. (The last time I priced inflation-adjusted annuities, which was in. Top Canadian pension fund The Ontario Municipal Employees Retirement System (Omers) is expecting to add up to C$12 billion ($9. You should never make decisions about pensions without first receiving professional financial and legal advice. Omers pension . The indexing rate for 2024 is 4. 8 billion, during the six-month period from January 1 to June 30, 2023. to 5 p. 16, 2023 (GLOBE NEWSWIRE) -- OMERS generated a net investment return of 3. 8%. Yes you can contribute per pay up to a limit (slightly less than your rrsp limit) and you can transfer as much as you want from your rrsp to the AVC. Examples: If you retire on March 1, your coverage will end at 11:59 p. Why users love our Algebra Calculator. 110 - 1801 Hamilton Street. 428571428565. The PSPP uses a 1. On contributory earnings over CPP earnings limit*. Alberta tax calculator. This calculator will help you understand the factors that can affect your Canada Pension Plan (CPP) or Quebec Pension Plan (QPP). OMERs = 2% x credited years of service x highest paid 60 consecutive months Using the OTPP calculation as an example, let’s say you’re an education member that earned an average of $75,000 in your best five working years and maxed out your 85 factor at age 56, after 29 years of service. Add the figures calculated in Steps 1 and 2 to calculate the annual contribution amount. The longer you contribute or the more you purchase, the bigger your pension. Omers is pretty good, they've been averaging 13+ percent rate of return the last few years. If you need help identifying your plan, view the List of Employer and Plan Names. S. 3 This Retirement Planner is available to members through their myOMERS account along with several other useful reports and features. Review the information available in the Your OMERS Pension Options form carefully. Option 1 - keep pension with Omers, payable 2055. OMERS’ 2022 Annual Report, released February 27, 2023, shows that the pension fund is making progress in its approach to climate-related financial risk, although significantly more action still needs to be taken. Enter your username and password. Tax-free and taxable investment results are approximations and do not reflect actual returns. ” Changes to the calculation of commuted pension values in Canada are making it more challenging for defined benefit pension plan members to determine an optimal day to quit their job and receive. Estimate your retirement income. We count the omer because the old wheat was removed at Passover, and the new wheat won't be ready in the fields until 50 days from the omer presentation at the. When our members retire, they receive regular pension payments that. In reality, commuted value is the amount of money the pension plan would have to set aside at the time of the employee’s retirement, to pay — as in the case of OMERS — an inflation-adjusted monthly income stream to the employee during his or her retirement years. 26000. OMERS’ 2022 Annual Report, released February 27, 2023, shows that the pension fund is making progress in its approach to climate-related financial risk, although significantly more action still needs to be taken. For ELHT plan members, coverage under your ELHT plan (health, dental, life and accidental death and dismemberment (AD&D)) ends effective 11:59 p. You can get a rough estimate of your benefits by using an online pension buyback calculator such as this one for HOOPP. 3% X $38,300) + (2% x $11,700) = 731. OMERS is a jointly-sponsored pension plan, with 1,000 participating employers ranging from large cities to local agencies, and over half a million active, deferred, and retired members. With myOMERS you can: print your T4A (retired members only); update your contact information; send a secure message to OMERS; update or designate a beneficiary; go paperless; view your pension information; Wordpowerandsound • 7 mo. 44571. OMERS sent me a package of options with what to do with the pension I had contributed so far: 1. all members, and approximately 9. 00. Summary. 5 billion, during the six-month period from January 1 to June 30, 2022. Mrs. 113. Not to say it's impossible that they might run into big-time trouble, but I think the odds are low. Determine the member's monthly pension with the reduction applied. $-0. Service in the OMERS Plan In the OMERS Plan, there are two types of service. This estimate is based upon 10 OMERS Project Manager salary report (s) provided by employees or estimated based upon statistical methods. Digital Government and Service NL 100 Prince Phillip Drive P. 1 million commuted value. Later this fall, OMERS is adding new enhancements to the myOMERS Retirement Planner to help members calculate an increasingly comprehensive picture of their future finances. 8333 of 6. 16, 2023 (GLOBE NEWSWIRE) -- OMERS generated a net investment return of 3. Webinars. Pension Lifetime Monthly Benefit. OMERS is a defined benefit, jointly sponsored, multi-employer public pension plan created in 1962 by Ontario provincial statute to administer retirement benefits and manage pension investment funds of local. A beautiful, free online scientific calculator with advanced features for evaluating percentages, fractions, exponential functions, logarithms, trigonometry, statistics, and more. 8 billion, during the six-month period from January 1 to June 30, 2023. Expected Retirement Age* (between 2 and 99 years) years. However, only the credited service. Change your tax and/or banking information. Or you can choose tax calculator for particular province or territory depending on your residence. The federal personal amounts for 2021 are: Federal personal amounts; Annual net income ($) From – To Basic Personal amount, Spouse or common-law partner amount and Amount for an eligible dependant ($)Data center in Europe, US, Asia: real dedicated servers and DDOS protection. com. The typical OMERS Project Manager salary is $117,342 per year. Pension Adjustment (PA) To encourage Canadians to save for retirement, the Income Tax Act (ITA) allows individuals to take part in tax-assisted retirement savings. Photo by Cole Burston / Bloomberg. 325%,. The OMERS Pension Education & Relationship Management team hosts a series of free webinars to help members learn about the Plan. 90 (this is inserted in the calculation above as the benefit entitlement) For further examples, see the. Page 1 of 2. OMERS is a defined benefit pension (Pension for life). but may not be a key calculator. 0 + 0. These contributions are credited with the Fund’s net rate of return for the calendar year, prorated to reflect when the deposit was made. Change your tax and/or banking information. Your average tax rate is 28. 4%, or a loss of $0. OMERS has a PA calculator on their website; it's an excel template for you to input your own information in. With myOMERS you can: print your T4A (retired members only); update your contact information; send a secure message to OMERS; update or designate a beneficiary; go paperless; view your pension information;OMERS is the investment manager for the pension fund of Ontario’s municipal workers, with 559,000 members and over 1,000 participating employers (ranging from large cities to local agencies). 7. This funding is linked to IndInfravit's acquisition of a portfolio of five Indian road. Yorkdale continues to be among the highest sales productivity leaders in the North American. 7%, equivalent to $16. Your OMERS pension is an important asset in your financial, retirement and estate planning. The salaries used in your highest average salary are subject to. $159,000 ÷ 3 = $53,000. If you die before age 65, you would be receiving a CPP bridge pension in. 3 x 30 = 90. As of June 30, OMERS' asset allocation comprised 25% in public equity; 20% each in credit and infrastructure; 17% each in private equity and real estate; 8% in bonds; while cash and funding. This pension: is guaranteed for life (it does not stop if your spouse remarries);For every $1,000 earned per month in payments, that CV (Commuted Value) pension is likely worth ~ $180,000 in present value dollars. OMERS defined benefit formula takes into account your best five consecutive years of earnings and service in the OMERS Plan. In 2020, the guarded public-sector pension fund OMERS posted eye-popping losses while most other funds posted gains. 40 + 2,982. to do so can contact OMERS to amend its participation by-law. Nicehash support: dedicated port (100% compatible with Nicehash stratum). You still receive 2% on the amount of your best 5 >= YMPE (~$55K). Based on this price, an expectation of $6. 325% max. The overall limit applies to total retirement savings in registered. On contributory earnings up to CPP earnings limit*. Beginning Contribution Age* (between 2 and 99 years) years. *The CPP earnings limit is also called the Year’s Maximum Pensionable Earnings (YMPE). 2006, c. on June 30. 2751. The Ontario Municipal Employees Retirement System (OMERS) is a Canadian public pension fund, headquartered in Toronto, Ontario. You will receive a Your OMERS Pension Options form from OMERS. This period marks the beginning of the barley harvest when, in ancient times, Jews would bring the first sheaves to. 7:15 is 7. Take 2 minutes to get your results. Windows VDI. OMERS, the defined benefit pension plan for municipal sector employees in the province of Ontario, generated a 2022 investment return of 4. This includes leaves protected by employment standards, such as pregnancy/parental leaves and declared emergency leaves as well as some non-protected leaves authorized by your employer. British Columbia tax calculator. Credit past service from member’s date of hire to date they joined the plan. Best Budget Option: Canon LS-82Z Handheld. This added service can help you increase your total pension amount and may be able to help you retire sooner without a reduction. button and select . There are some general information such as there is a cap on total contributions into an AVC on a yearly basis of $3,000. OMERS pensions is 2% x credited service (years) x “best five” earnings. The pension it displays is based on your current salary. 3% X $38,300) + (2% x $11,700) = 731. OMERS Survivor Benefits. 325 (2% minus your bridge) equals 9. Normal retirement age 60 members. Some plans will offer a variety of options ranging from a single life pension payable only during your life to a joint & survivor pension payable after your death ranging from 50-100% of the. 2% On contributory earnings over CPP earnings limit* 15. 675% x credited service (years) x lesser of “best five” earnings or AYMPE Equals your OMERS Plan lifetime pension from age 65 suitable for any particular member. Regina, SK S4P 4W3The average Software Engineering Manager total compensation at OMERS Private Equity ranges from $117K to $170K per year. The estimate shows a projected retirement allowance based on the information entered for the Unmodified Option only. and, as such, is subject to the OMERS regulations and the requirements under the Pension Benefits Act of Ontario. In addition, as outlined in Attachment 4, many of the City's agencies and corporations are also OMERS employers. The Asia Pacific region, including India and Australia, is a major market for the fund, comprising 10% of. ) "Former spouse" refers to the non-member spouse whether or not the separation/divorce is. Contributions and PA Calculators (omers. However the PSPP has a full indexation, and COLA meaning it will change by Stat Canada's CPI measurement. Forms ( T215 - T215 Summary - T215 Segment) In these web pages we use plain language to explain the law and terms you need to know to calculate the PA, PSPA, PAR, PAC, or PCC amounts. Why was it important to count the days from the bringing of the omer until Shavuot? 2. All the more reason to retire as early as possible, since you might collect the bridge portion for up to 10 years. The proration of your pension must be calculated in accordance with the OMERS Plan text, which sets out the proration factors below. Unauthorized login and use of e-access is prohibited. Earnings above $61,600. Watch this informative webinar from the PIPSC Compensation Team to learn how your pension is calculated and where you can find the most accurate information about your personal plan. 7%, net of expenses, which equates to $16. If you retire on June 30, your coverage will end at 11:59 p. HOOPP calculation is somewhere between 1. As an OMERS member, you have access to your pension information in your secure myOMERS account. Credited Service This is the paid service (years and months) you have in the OMERSRemain in the pension plan and take the deferred pension option, which would pay $1,241 per month beginning in June 2045 (age 65), and then a monthly amount for the rest of my life that’s pegged to increases in inflation over time. So in your case, 50% of your CV is $4,000 and your total contributions into the Plan was $10,000. The Village Chapel Pankhurst, North Carolina February 28, 2016, Third Sunday in Lent Our Mission As an interdenominational Christian community; we actively seek to worship God, to teach and encourageTORONTO, Aug. This calculator helps to illustrate some of the. Employer contributions. The more you contribute to it the more money you get out of your pension once you retire. If you choose to transfer the commuted value to a personal LIRA, under the Income Tax Act. As an OMERS member, you have access to your pension information in your secure myOMERS account. Over the 12. 3% of final average earnings up to the Year's Maximum Pensionable Earnings (YMPE) and 2% of earnings above the YMPE. OMERS Membership/Reference Number* SECTION 2 - ORDER OF ENTITLEMENT. Countdown to Any Date – Create your own countdown. Free of charge for any amount of rigs. Later this fall, OMERS is adding new enhancements to the myOMERS Retirement Planner to help members calculate an increasingly comprehensive picture of their future finances.