OMERS Generates $5.6 billion in Investment Income in 2023
TORONTO, Feb. 23, 2024 (GLOBE NEWSWIRE) -- OMERS, the defined benefit pension plan for broader municipal sector employees in the province of Ontario, generated a 2023 investment return of 4.6%, or $5.6 billion, net of expenses.
- TORONTO, Feb. 23, 2024 (GLOBE NEWSWIRE) -- OMERS, the defined benefit pension plan for broader municipal sector employees in the province of Ontario, generated a 2023 investment return of 4.6%, or $5.6 billion, net of expenses.
- Over the past 10 years, OMERS has averaged an annual investment return of 7.3%, net of expenses, adding $66.4 billion to the Plan.
- Net assets at December 31, 2023, were $128.6 billion, up from $124.2 billion in 2022, and the Plan reported a smoothed funded status of 97%, up from 95% last year.
- “Public equities and fixed income had a strong year and fixed income assets benefitted from higher interest rates.