Item - 2019.GL6.2
Tracking Status
- City Council adopted this item on July 16, 17 and 18, 2019 without amendments.
- This item was considered by General Government and Licensing Committee on June 24, 2019 and was adopted with amendments. It will be considered by City Council on July 16, 17 and 18, 2019.
GL6.2 - Annual Update on Ontario Municipal Employees Retirement System (OMERS) as it Relates to the City's Employer Contributions
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
City Council Decision
City Council on July 16, 17 and 18, 2019, adopted the following:
1. City Council receive the report (June 10, 2019) from the Controller for information.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2019/gl/bgrd/backgroundfile-134400.pdf
(June 24, 2019) Presentation from Joe Pennachetti, Director, OMERS Sponsors Corporation, and David Beatty, Director, OMERS Administration Corporation, on OMERS Update to the City of Toronto
https://www.toronto.ca/legdocs/mmis/2019/gl/bgrd/backgroundfile-135346.pdf
Communications (Committee)
https://www.toronto.ca/legdocs/mmis/2019/gl/comm/communicationfile-95532.pdf
Communications (City Council)
https://www.toronto.ca/legdocs/mmis/2019/cc/comm/communicationfile-95987.pdf
Motions (City Council)
GL6.2 - Annual Update on Ontario Municipal Employees Retirement System (OMERS) as it Relates to the City's Employer Contributions
- Decision Type:
- ACTION
- Status:
- Amended
- Wards:
- All
Committee Recommendations
The General Government and Licensing Committee recommends that:
1. City Council receive the report (June 10, 2019) from the Controller for information.
Decision Advice and Other Information
Joe Pennachetti, Director, OMERS Sponsors Corporation, and David Beatty, Director, OMERS Administration Corporation, gave a presentation on OMERS Update to the City of Toronto.
Origin
Summary
The purpose of this report is to provide the annual summary of the City's employer contributions submitted to OMERS in 2018 and to provide information on the City's total members and contributions relative to the overall OMERS Plan members and contributions.
Background Information
https://www.toronto.ca/legdocs/mmis/2019/gl/bgrd/backgroundfile-134400.pdf
(June 24, 2019) Presentation from Joe Pennachetti, Director, OMERS Sponsors Corporation, and David Beatty, Director, OMERS Administration Corporation, on OMERS Update to the City of Toronto
https://www.toronto.ca/legdocs/mmis/2019/gl/bgrd/backgroundfile-135346.pdf
Communications
https://www.toronto.ca/legdocs/mmis/2019/gl/comm/communicationfile-95532.pdf
Motions
That the General Government and Licensing Committee amend Recommendation 1 as follows:
1. City Council The General Government and Licensing Committee receive this report for information.