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As Canadians move closer to retirement many of them wonder if they are ready as they should be and if their investments are in the right place Many Canadians working in the public sector prepare for retirement by being part of defined benefit pension plans Most share the risk with their employer and pay a share of the cost in every paycheck Research shows that big pension organizations like HOMERS help keep our economy healthy This happens sin two ways through our investments in Canada and byte spending patterns of our defined benefit retirees In fact together the biggest public sector pension fund sin Canada have about four hundred billion dollars in the Canadian economy supporting many businesses and thousands of jobs across the country We are recognized across the globe for our sophisticated approach to investments Over the past eight years pension organizations like HOMERS have doubled their members assets and their investment returns have funded the majority of the benefits paid to retired members As for the defined benefit retirees the average pension is a steady and predictable income in retirement Income that's rolled back into the economy through retiree spending habits and the taxes they pay Defined benefit retirees also rely far less on government assistance than the average Canadian The bottom line is this at HOMERS we take pride in helping our 440000 members, so our members can take pride that they're prepared for retirement They've contributed to the plan, and they can take comfort that their pension will be there when they retire That's the HOMERS model It's what helped us reach our fiftieth anniversary and grow to become one of the biggest defined benefit pension funds in Canada That's good for our members, and it's good for the country
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