“Mid-year results don’t paint the whole picture”: CUPE Ontario says first-ever report should not distract from call for an independent review of OMERS

TORONTO, ON – A first-ever mid-year report by the Ontario Municipal Employees Retirement System (OMERS) can’t draw attention away from the systemic underperformance of OMERS investment returns, says the Canadian Union of Public Employees (CUPE) Ontario. “Just like a single cold day doesn’t mean temperatures aren’t rising, half a year of investment returns tells us…