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Minister’s letter to OMERS members and Sponsor Organizations

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January 25, 2013

 

Dear OMERS Member and Sponsor Organizations:

Today, I am pleased to release the final report on the governance model review of the Ontario Municipal Employees Retirement System submitted by Tony Dean, the reviewer.

I thank Mr. Dean for his service in conducting a thorough review. I also thank all the participants who contributed to the consultation process.

 The recommendations in the report are directed primarily to the boards of the OMERS Administration Corporation and Sponsors Corporation. Mr. Dean has recommended that the corporations, through their boards, submit a progress report to the Minister of Municipal Affairs and Housing on the implementation of the recommendations.

I understand the corporations and board members are already taking steps to address the recommendations, and I am very interested in being kept apprised of your progress over the coming year.

Thank you, again, to all the individuals and groups who participated in the review.

Sincerely,

 

Bob Chiarelli
Minister