08/14/2012


The OMERS Review Act provides for a scoped review of the governance provisions of Bill 206 by the end of 2012. Bill 206 devolved the sponsorship responsibilities from the Province to the OMERS plan employer and employee sponsors in 2006.

The AMO/MEPCO submission was presented today to Bill 206 Reviewer, Tony Dean. The submission is available on the MEPCO website. It supports the existing bi-cameral governance structure (Sponsors Corporation and Administration Corporation) and makes several recommendations on strengthening the role of the Sponsors Corporation Board and to provide some clarification on certain functions of the Boards.  Dean’s timeline for completing the stakeholder consultation process is early September, followed by an assessment of the submissions and a report to Municipal Affairs and Housing Minister Kathleen Wynne by the end of the year, as required by legislation.