Retirement Options and Timing
Pension Calculation
OMERS AVC & Investments
Survivor Benefits
Canadian Culture
100

What are the "normal retirement ages" in the OMERS plan?

NRA 60 for uniformed police and firemen

NRA 65 for everyone else

100

What factors determine the amount of an OMERS pension?

Credited Service and "Best 5" 

100

How are AVCs invested within the OMERS plan?

Through the OMERS Fund

100

Who is first in line for the Legal Order of Entitlement?

Eligible Spouse

100

What animal is featured on the Canadian nickel?

Beaver.

200

What is a "bridge benefit" in the OMERS plan?

A temporary benefit paid from early retirement until age 65 to supplement income.

200

What is the basic formula for calculating an OMERS pension?

2% x Credited Service x "Best 5" 

200

What is the main benefit of making AVCs?

To increase retirement savings

200

How is the survivor pension calculated?

Typically 66 2/3% of the member’s pension.

200

What is the national sport of Canada?

Lacrosse (summer) and Ice Hockey (winter).

300

What is eligible service? Provide at least 1 example. 

Service with an OMERS employer that
is not credited service. 

300

What does YMPE stand for?

Year’s Maximum Pensionable Earnings.

300

How much power does Bruce Power produce for the province of Ontario?

30%

300

Can a surviving spouse continue receiving OMERS survivor benefits if they remarry?

Yes, remarrying does not affect their entitlement to survivor benefits.

300

What year did Canada become a confederation?

1867

400

What is the term used for the process when OMERS members choose to delay their pension start date?

Pension deferral.

400

How does part-time service affect OMERS pension calculations?

Service is prorated based on hours worked relative to a full-time schedule

400

Are AVCs locked-in like regular pension contributions?

No, they are more flexible and can be withdrawn, subject to certain conditions.

400

What is the eligibility age for dependent children to receive OMERS survivor benefits?

Dependent children are typically eligible until age 18, or up to age 25 if they are in full-time education.

400

Which Canadian artist is known for painting the landscapes of British Columbia and Indigenous themes?

Emily Carr

500

Can OMERS members defer their CPP and still receive the OMERS bridge benefit?

Yes, they can defer CPP, but the bridge benefit will still end at age 65.

500

How are contribution rates determined for OMERS members?

Based on actuarial assessments of plan funding needs.

500

Which of the following employers does not participate in the OMERS plan?

A. Credit Valley Conservation Authority 

B. Toronto Zoo

C. Carleton University

C. Carleton University

500

What happens to survivor benefits if there is no eligible spouse?

The benefit may be paid to eligible dependent children or as a lump sum to the beneficiary/estate as a residual refund.

500

Who was the first Canadian woman to go to space?

Roberta Bondar