OMERS is governed by two Boards of Directors appointed by sponsors of the Plan. The sponsors are the 14 largest stakeholders of the plan and include the OPFFA (as one) and other provincial employer groups and union groups.
Because it is jointly sponsored by employees and employers, each fund the plan (through pension contributions) and govern the plan through their appointments to the two Boards of Directors. Local IAFF executive boards share information through the OPFFA executive board to our representatives on the OMERS Boards.
The OPFFA representative on the OMERS Sponsor's Corporation Board (SC) is Frank Ramagnano out of IAFF Local 3888, Toronto. The SC Board governs OMERS. From time to time plan changes are recommended and made through the SC Board.