Best website to job search for OMERS Employers

Aryagorn wrote: ↑ OMERS is arguably the best pension plan in Canada (2% x years of service x 5 consecutive years of highest pay). So if I work for the maximum # of years allowed, which is 35 years, and in the prime of my career I make an average 100k over 5 consecutive years annually, my pension would be $70,000.

The current list of employers that are part of this pension is located here. What would be the best job search website to search for openings within these companies? Rather than having to visit the careers section of each employer website individually

Aryagorn wrote: ↑ OMERS is arguably the best pension plan in Canada (2% x years of service x 5 consecutive years of highest pay). So if I work for the maximum # of years allowed, which is 35 years, and in the prime of my career I make an average 100k over 5 consecutive years annually, my pension would be $70,000.

The current list of employers that are part of this pension is located here. What would be the best job search website to search for openings within these companies? Rather than having to visit the careers section of each employer website individually

Aryagorn wrote: ↑ OMERS is arguably the best pension plan in Canada (2% x years of service x 5 consecutive years of highest pay). So if I work for the maximum # of years allowed, which is 35 years, and in the prime of my career I make an average 100k over 5 consecutive years annually, my pension would be $70,000.

The current list of employers that are part of this pension is located here. What would be the best job search website to search for openings within these companies? Rather than having to visit the careers section of each employer website individually

Chickennbeans wrote: ↑ Of public sector pension plans in Ontario, OMERS is the weakest by far.

While almost all the DB Pension Plans in Ontario have very similar pension benefits, OMERS has the highest contribution rates - in the range of 15% for earnings over YMPE (CPP amount). That means your gross pay is cut by 15% before you even pay taxes. Is this good or bad? For comparison, Hoopp is below 10%, Ontario Teachers is at 12%.
Even worse, Financial Post believe OMERS is the Ontario plan most exposed to COVID

If you look at annual reports from 2019, OMERS is also the only Ontario public sector pension plan that is currently underfunded (while also being the least conservative with future investment earning estimates). What this means is even higher contribution rates in the future.

All this being said, working for public sector is still pretty golden given the current scenario, but if you are in a position to pick between public sector DB plans, it is actually the worst in Ontario.

Aryagorn wrote: ↑ OMERS is arguably the best pension plan in Canada (2% x years of service x 5 consecutive years of highest pay). So if I work for the maximum # of years allowed, which is 35 years, and in the prime of my career I make an average 100k over 5 consecutive years annually, my pension would be $70,000.

The current list of employers that are part of this pension is located here. What would be the best job search website to search for openings within these companies? Rather than having to visit the careers section of each employer website individually

Aryagorn wrote: ↑ OMERS is arguably the best pension plan in Canada (2% x years of service x 5 consecutive years of highest pay). So if I work for the maximum # of years allowed, which is 35 years, and in the prime of my career I make an average 100k over 5 consecutive years annually, my pension would be $70,000.

The current list of employers that are part of this pension is located here. What would be the best job search website to search for openings within these companies? Rather than having to visit the careers section of each employer website individually

Aryagorn wrote: ↑ OMERS is arguably the best pension plan in Canada (2% x years of service x 5 consecutive years of highest pay). So if I work for the maximum # of years allowed, which is 35 years, and in the prime of my career I make an average 100k over 5 consecutive years annually, my pension would be $70,000.

JayceMetal wrote: ↑ Is there a general guideline when comparing two different DBPP's? (Assuming the retirement age is the same), I know no one can tell the future, but based on current information, is it possible to compare and say that one DB plan is better than another?
Contribution rate, Funded status, government vs private, pension formula, anything else I've missed?