In whole, greater than 832,000 Ontarians benefited from the plan’s financial footprint.
“OMERS is a robust financial engine for Ontario,” stated Jonathan Simmons, OMERS’ chief monetary and technique officer. “These outcomes underscore how pensions do not simply assist retirees -they assist strengthen native economies, create jobs, and supply a secure basis.”
In the meantime, the Larger Toronto Space (GTA) accounted for the most important share, with 71,500 jobs and a $7.9 billion GDP contribution, adopted by Southwestern Ontario at 25,800 jobs and $2.7 billion in GDP. Jap, Central, and Northern Ontario all noticed significant contributions as properly, reinforcing OMERS’ position as a province-wide financial driver.
“Each month, OMERS pensions attain communities throughout Ontario, offering dependable earnings that retirees can depend on,” stated Celine Chiovitti, OMERS’ chief pension officer. “This report demonstrates simply how significant that stability is, not just for our members, however for the native companies, companies and communities they assist.”
Past the headline financial figures, CANCEA’s analysis highlights what it calls a “stability dividend” – the measurable social worth {that a} safe, outlined profit pension gives to members and their communities.
