The Ontario Municipal Employees Retirement System (OMERS) is a pension fund created by statute in 1962 to handle the retirement benefits of all local government employees in the Canadian province of Ontario. It has become one of the largest institutional investors in Canada. As of December 2017, OMERS had 95 billion Canadian dollars in net investment assets. OMERS serves 984 employers and almost half a million active, deferred and retired employees of nearly 1,000 municipalities, school boards, libraries, police and fire departments, and other local agencies in communities across Ontario.