CANADA - OMERS, the C$35.9bn (US$16bn) Ontario Municipal Employees Retirement System, has scrapped plans to distribute part of its massive C$4bn (US$2.5bn) surplus amongst members and employers, due to the terrorist attack on New York.
OMERS has put the surplus distribution plan on hold due to the decline in equity markets worldwide, a situation that has since been exacerbated by the attack on America. The surplus plan would have...
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