OMERS Plan members can save more for retirement by participating in the Additional Voluntary Contributions (AVC) program.
The AVC program is exclusive to OMERS members. When you contribute to an AVC account, you’re investing in the OMERS Fund, a globally diverse asset mix that includes public and private market investments. AVCs are offered on a cost-recovery basis, meaning no profit margin is built into calculating the fees and expenses.
There are two ways to contribute to an AVC account:
- Fund transfers
You can make lump-sum transfers during the annual transfer-in window between January 1 and June 30 until the year you turn 70. Fund transfers to your AVC account may come from an RRSP, a locked-in retirement account (LIRA) or other registered retirement vehicles.
- Automatic contributions
If you are a working member, you can make automatic contributions via preauthorized debit from your bank account or payroll deductions (if your employer offers this service) to the end of the year you turn 70. Visit our webpage on AVCs to find out your automatic contribution limits. Start, stop, or modify your automatic contributions at any time through myOMERS.
To learn more and discover whether AVCs are right for you, please register for one of our upcoming webinars with the Pension Education & Relationship Management team:
Additional sessions will be posted on our
Information Sessions & Webinars page and run until June.
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