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Canadian Financial Education
OMERS Members

When does your commuted value
option close?

Your commuted value window has an exact closing date — and most OMERS members do not know it. Enter your date of birth and member category to find out.

Find your CV deadline
Not sure? Most OMERS members are NRA 65. NRA 60 applies only to certain uniformed emergency services roles, and only if your employer has elected it.

How the OMERS commuted value deadline works

The commuted value is the lump-sum equivalent of your future pension — what it would cost today to fund your lifetime payments. Once you leave your OMERS employer, you have a short window to take this lump sum into a LIRA instead of keeping the deferred pension.

That window closes on your early retirement birthday. After that date, the commuted value option is gone permanently. There is no appeal and no extension.

General OMERS members (NRA 65) Age 55
Police, firefighters, paramedics (NRA 60)
Only where employer has elected NRA 60 — confirm with your plan administrator
Age 50

Whether taking the commuted value is the right decision depends on your age, health, family situation, other income sources, and what you plan to do with the money. The deadline is the same regardless of which path is right for you — which is why knowing it matters.

This tool provides general financial education only. OMERS plan rules may vary. Confirm your specific eligibility and deadlines with OMERS directly or with a CFP® professional. Odyssey Wealth Inc. is regulated by CIRO through Designed Wealth Management.