The Ontario Municipal Employees Retirement System (OMERS) Sponsors Corporation Board of Directors will be voting on whether or not to scrap guaranteed indexing for members in favour of a proposal they call “Shared Risk,” on June 24. OMERS is a defined benefit plan for about half a million municipal workers in Ontario, including school board…
CUPE Ontario will also express our concerns, in writing, to the Police Association of Ontario, the Ontario Professional Firefighters Association and the Ontario Secondary School Teachers Federation. Download the letter here or read below: Municipal Retirees Organization of Ontario ATTN: Dan Carnegie, Executive Director RE: MROO Support for OMERS “Shared Risk” Indexing Proposal …
Fred Hahn President, CUPE Ontario 80 Commerce Valley Drive East, Suite 1, Markham ON, L3T 0B2 Dear Brother Hahn, I understand that CUPE Ontario and other unions are fighting to protect guaranteed pension indexing in the OMERS pension plan. CUPE New Brunswick applauds you in this important fight and stands with you in solidarity. All…
Important Message About Upcoming Vote at OMERS Dear CUPE Ontario Retirees Network, The OMERS Sponsor Corporation Board of Directors will be voting on a proposal to eliminate guaranteed indexing for service earned after December 31, 2022. While this proposal would not affect those of us who are currently retired, it is still important for us…
Young workers are the most impacted by the OMERS proposal to eliminate guaranteed indexing. We have the most to lose. Indexing is like getting an annual raise in retirement. It protects our pensions from cost-of-living increases. If “Shared Risk Indexing” is passed, our service after December 31, 2022 would only have conditional indexing – meaning…
Fellow OMERS plan members, The COVID-19 crisis has impacted us all. It has called us to the frontlines of an unparalleled public health crisis and temporarily, though dramatically, changed our world. That’s why on March 25th, CUPE Ontario sent the OMERS SC Board a letter requesting the postponement of their planned June vote to remove…
Over the last two years, some members of the OMERS Sponsors Corporation (SC) Board have attempted to remove the guaranteed indexing of your pension. So far, CUPE Ontario, allies, and plan members have been able to defeat these attempts. Unfortunately, there is a good chance that this year another attempt to remove your pension’s guaranteed…
