Inflation protection increases OMERS retirement, disability and survivor pensions in pay each year, based on the increase in the Consumer Price Index (CPI), as follows:
The portion of your pension earned before January 1, 2023 receives full inflation protection, up to a maximum increase of 6%. Any excess is carried forward to later years when the CPI increase is less than 6%, provided the pension is still in pay.
The portion of your pension earned on or after January 1, 2023 is subject to Shared Risk Indexing (SRI), meaning that the level of inflation protection will depend on the OMERS Sponsors Corporation Board’s annual assessment of the financial health of the OMERS Plan.
In December, OMERS sends retired members and survivors their annual pension statement, which provides their annual pension increase. The statements are posted on myOMERS and mailed to members who receive their pension information by mail. The increase as of January 1, 2026 is 2.00%.
OMERS calculates the annual inflation increase (CPI increase) by comparing the average CPI over the 12-month period ending in October over the average for the same period the previous year.
This method is consistent with the method used by the Canada Pension Plan (CPP), except OMERS rounds the results to two decimal places while CPP rounds to one.
For the portion of your pension earned before January 1, 2023, the OMERS inflation adjustment equals the CPI increase, up to a maximum of 6%.
For the portion of your pension earned on or after January 1, 2023, increases are subject to SRI.
Your first pension increase may be prorated based on the month your pension started. For example, if your pension started in February 2025, your 2026 increase would be 1.67% (which is 0.8333 of 2.00%). In January 2027, your pension will receive the full applicable 2027 increase, provided the pension is still in pay.
Learn about the lifetime pension formula and early retirement.
Learn how 2013 benefit changes may impact your pension.
Learn more about the benefits of your OMERS pension.