OMERS, the defined benefit pension plan for Ontario’s broader municipal sector employees, has earned a 2025 investment return of 6 percent, or C$8.2 billion ($6.0 billion), net of expenses. Net assets grew from C$138.2 billion ($100.9 billion) at the end of 2024 to C$145.2 billion ($106.0 billion) as of Dec. 31, 2025. The plan’s smoothed funded status improved to 99 percent, from 98 percent in 2024, using a real discount rate of 3.7 percent. During the past 10 years, OMERS has averaged an annual investment return of 7.1 percent, net of expenses, adding C$73.9 billion ($53.9 billion) to the plan, and contributing significantly to improving the plan’s funded status.
OMERS is diversified by asset class and geography, and this broad asset base helps to insulate the plan through the challenges that each market cycle brings. In any given year some asset classes will perform more strongly than others, depending on market and economic conditions.
OMERS is well-positioned
