Daily Archives: August 18, 2021

OMERS posts first-half gains, but trails stock market

The Ontario Municipal Employees Retirement System (OMERS) released mid-year results for the first time in its history, reporting it posted an 8.8-per-cent return in the first six months of 2021, and 18.2 per cent for the 12 months ended in June. The results were insufficient to quiet a combative union that is calling for an…

OMERS posts 8.8% return as it faces down members’ complaints

The union representing more than 40 per cent of OMERS’ members did not appear placated, instead renewing calls for an independent review of OMERS, saying the mid-year results aren’t enough to draw attention away from the pension fund’s “systemic underperformance.“ “Just like a single cold day doesn’t mean temperatures aren’t rising, half a year of…