This news release contains the year-end financial results of the OMERS Administration Corporation. The 2012 Annual Report will be available through omers.com in the spring of 2013 and will include the financial statements of both the OMERS Administration Corporation and the OMERS Sponsors Corporation. Forward-looking statements are subject to inherent risks and uncertainties, general and specific, which may cause actual results to differ from the expectations expressed in these statements.
OMERS 2012 Returns
OMERS Pension Plan Fact Sheet(i)
OMERS Primary Pension Plan rate of return over one, five and ten years
1 Year 5 Years(ii) 10 Years(ii)----------------------------------------------------------------------------Rate of Rate of Rate ofReturn Benchmark Return Benchmark Return Benchmark----------------------------------------------------------------------------10.03% 9.75% 3.56% 4.08% 8.24% 7.73%
Investment returns of OMERS Primary Pension Plan by Investment Entity for 2012 and 2011
Gross Returns - Year ended December 31,
---------------------------------------------------------------------------- 2012 Rate 2011 Rate of Return of Return----------------------------------------------------------------------------OMERS Capital Markets 7.50% -0.22%----------------------------------------------------------------------------OMERS Private Equity 19.17% 7.23%----------------------------------------------------------------------------Borealis Infrastructure 12.68% 8.79%----------------------------------------------------------------------------Oxford Properties 16.91% 8.40%----------------------------------------------------------------------------OMERS Strategic Investments -10.13% 7.24%--------------------------------------------------------------------------------------------------------------------------------------------------------Total Plan 10.03% 3.17%----------------------------------------------------------------------------Total Plan Benchmark(iv) 9.75% 2.52%----------------------------------------------------------------------------
Primary Plan Deficit Based on Fair Value vs. Actuarial Value of Net Assets
As at December 31, 2012 2011(Millions)----------------------------------------------------------------------------Fair Value of net assets of the Plan(iii) $ 60,519 $ 54,921Accrued pension benefit obligation 69,122 64,548 --------------------Plan deficit based on fair value of net assets (8,603) (9,627)Actuarial value adjustment (1,321) 2,337 --------------------Funding deficit based on actuarial value of net assets $ (9,924) $ (7,290) --------------------(i) excluding Additional Voluntary Contribution assets of the Primary Plan and the Retirement Compensation Arrangement(ii) represents average annual rate of return(iii) fair value of net assets of the Plan above excludes net assets of the Additional Voluntary Contribution component of the Primary Plan and the Retirement Compensation Arrangement. Total net assets of the Plan before these exclusions are $60,767 million at December 31, 2012 and $55,083 million at December 31, 2011.(iv) Total Plan benchmark is a weighted average blend of entity benchmarks which are based on either market index returns or an absolute return set annually at the beginning of each year.
All figures in Canadian dollars unless stated otherwise.
Contacts:
Media Contact: OMERS Administration Corporation
Lori McLeod
(416) 369-2399
lmcleod@omers.com
www.omers.com
