The government will evaluate the effectiveness of the two boards that oversee the Ontario Municipal Employees Retirement System, including how they engage with employers and employees. The government said it will appoint a special adviser to carry out the review over the next year. (The Logic)

Talking point: OMERS is one of the country’s largest pension-fund managers, managing over $133 billion in assets on behalf of more than 600,000 public service workers. Several professional associations representing OMERS members had written to the government over the summer, prompting the review. Police officers, firefighters and workers at transit authority Metrolinx were concerned about unexpected changes to contribution rates starting in 2027 and what they claimed was a lack of transparency around decision-making. The review won’t reconsider the forthcoming changes, but instead will examine the boards’ processes for reaching their decisions.