Pension fund manager OMERS says it earned a 6% return for 2025, helped by the strength of its public equities and private credit investments.
The Ontario fund manager says its net assets grew to $145.2 billion at Dec. 31, up from $138.2 billion a year earlier.
OMERS chief financial and strategy officer Jonathan Simmons says the portfolio generated steady performance against a backdrop of significant political and economic uncertainty, particularly around trade in 2025.
Simmons noted that six out of the fund’s seven investment asset classes delivered positive returns, led by a third year of double-digit returns from public equities and another strong year for private credit investments.
The pension plan’s smoothed funded status improved to 99%, up from 98% in 2024.
OMERS manages the defined-benefit pension fund for employees of municipalities, school boards, local boards, transit systems, electrical utilities, emergency services and children’s aid societies across Ontario.