The AVC option is a new retirement savings and investment opportunity exclusive to OMERS members. You have three methods you can choose to use to set up an AVC account.
ViewAVC Guide
Consider the AVC Option
Terms of Participation
Since AVCs are part of the OMERS Plan (which is a tax-exempt registered pension plan) your AVC account balance is allowed to grow tax-deferred. As well, automatic contributions to an AVC account are tax-deductible in the year they are made.
AVCs are offered on a cost-recovery basis, which means no profit margin is built into the calculation of the fees and expenses.