OMERS AVC Information Manual

Information Sheet

AVC Withdrawals (Active Members)

Withdrawing Funds From Your AVC Account (Active Members)

This information is for active members. Active members include those currently contributing to the OMERS Primary
Pension Plan (OMERS Plan), on a disability waiver, on a leave of absence, and members who are employed beyond 35
years of credited service who have stopped contributing prior to 2021. If you have retired or left your OMERS employer
and want to withdraw funds from your AVC account, see the Withdrawing funds from your AVC account (retired and
deferred members) form.

 Annual withdrawal window opens March 1 and closes April 30

You can withdraw funds from your AVC account during the annual withdrawal window.

 How to withdraw funds from your AVC account

1. If you are making a withdrawal before the year you turn age 71, the most convenient way is through the
myOMERS secure member site (www.myomers.com); or

2. Complete this paper withdrawal form and return it to OMERS. There are two withdrawal forms - one for
non-locked in funds and one for locked-in funds.

3. If you are turning age 71 this year, use this paper withdrawal form. You cannot initiate your withdrawal
using myOMERS after the year you turn 70.

 Rules and restrictions

n While you're an active member, withdrawals are restricted as follows:

- Partial withdrawal - You can withdraw up to 20% of the balance of your AVC account as at

- Full withdrawal - If you make a partial withdrawal in each of four consecutive years, the 20%

n Current year contributions

Contributions made to an AVC account during the year of withdrawal cannot be withdrawn until the

Example:
Funds transferred to an AVC account in February 2017 can be withdrawn in 2018, but not during the

n $500 minimum

The minimum amount you may withdraw from your account is $500. If your account balance is less than

n Non-locked-in versus locked-in funds

Funds transferred from a non-locked-in (e.g., RRSP) or locked-in (e.g., LIRA) registered retirement

The Annual Statement of your AVC Account has your account information, including the balance of locked-in and/or
non-locked-in funds. Annual statements are posted on myOMERS early in March. A paper copy is also sent by mail
unless you've signed up for e-only delivery through myOMERS.

December 31 of the prior year; subject to a minimum of $500.

limit does not apply in the fifth consecutive year. In the fifth year, you can withdraw up to your
entire account balance (excluding current year contributions).

NOTE: If you're an active member in the year you turn 71, you can withdraw 100% of your
account balance in the March 1 to April 30 withdrawal window.

March/April withdrawal window in the following year. This includes contributions made by pre-authorized
debit from your bank account and transfers from a registered retirement vehicle.

2017 withdrawal window.

$500, you must withdraw your entire account balance (excluding any current year contributions).

savings account do not change their form while in an AVC account. In other words, if the retirement
savings are locked-in when the funds are transferred to an AVC account, they remain locked-in when the
funds are transferred out.

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n Locked-in funds
Locked-in funds can only be transferred to a locked-in retirement account (LIRA), life income fund (LIF)

or registered pension plan (RPP), or to an insurance company to purchase an annuity.

n Full withdrawals

If you are withdrawing your entire account balance and you have no current year contributions, the

applicable rate of return, less investment management expenses, will be applied to your AVC account
balance at the withdrawal date.

 Questions

For information about your options when withdrawing funds from your AVC account, see the booklet Consider

the AVC Option and the Terms of Participation on www.omers.com, or contact OMERS Member Services -

our specially trained staff can answer your questions.

Note: Only members who are resident in Canada can make automatic contributions or fund transfers to an AVC account. If you become a non-resident
of Canada, your funds can stay in your AVC account but no further funds can be added.

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Withdrawing Non-Locked-in Funds From Your AVC Account

$ $ $

(active members)

Use this form to withdraw non-locked-in funds from your AVC account. If you
are withdrawing locked-in funds, use the Withdrawing Locked-in Funds From
Your AVC Account (active members) form.

This form is for active members only. Active members include those currently
contributing to the OMERS Primary Pension Plan (OMERS Plan), on a disability
waiver, on a leave of absence, and members who are employed beyond 35
years of credited service who have stopped contributing prior to 2021.

To withdraw funds from your AVC account, complete Sections 1, 2 and 3.

IMPORTANT: To process this withdrawal, OMERS must receive this form before April 30.

SECTION 1 - MEMBER INFORMATION

To help us serve you better, submit your documents quickly and securely
using your myOMERS account. Go to My Communications, start a new
conversation, attach your files, and submit.

Any personal information provided on this form may be used to update
your membership profile.

Providing OMERS with your personal information is considered consent
for its use and disclosure for the purposes set out in our Privacy
Statement, as amended from time to time. You can find out more about
our collection, use, disclosure and retention of personal information by
reviewing our Privacy Statement at www.omers.com.

Date of Birth (m/d/y)OMERS Membership Number*

Other:

Apt/Unit Address City Postal Code

*Your membership number appears on your Pension Report or any personalized statement from OMERS.

NOTE: Any information collected in this section will be updated on your OMERS Primary Pension Plan member profile.

SECTION 2 - WITHDRAWAL AMOUNT

Please check one and complete the details:

1.

2.

I am not turning age 71 this year and I have NOT withdrawn funds from my AVC account in each of the past four consecutive years.

20% maximum applies: Your maximum withdrawal is 20% of your AVC account balance as at December 31 of last year, subject to a minimum of
$500.

I am not turning age 71 this year and I HAVE withdrawn funds from my AVC account in each of the past four consecutive years.
You can withdraw your entire AVC account balance (excluding current year contributions).

Ms.Mrs.Mr.

Please check one:

20% of my AVC account balance as at December 31 of last year

Other (enter an amount or percentage, 20% maximum applies):

Please check one:

My entire AVC account balance (excluding current year contributions)

Other (enter an amount or percentage):

First Name Middle Name Last Name

EmailHome Number Mobile Number

or

% of my AVC account balance as at December 31 of last year

Province

or

3.

Signature

I am directing OMERS to withdraw funds from my AVC account as indicated above.

Your Signature Date (m/d/y)

I turn age 71 this year and am eligible to withdraw up to 100% of my AVC account balance.

Please check one:

My entire AVC account balance
Other (enter an amount or percentage):

or

% of my AVC account balance as at December 31 of last year

% of my AVC account balance

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