TORONTO – CUPE Ontario is marking the end of 2023 with a shout-out to the determined CUPE members who belong to the OMERS (Ontario Municipal Employees Retirement System) pension plan: this year, these members ran a successful campaign, Cancel the Cuts, and their activism has ensured that no reductions will be made to their OMERS…
For the last 18 months, OMERS has been conducting a review. They call it a “risk assessment,” but, based on OMERS’ past practice, we know it means OMERS decision-makers are considering more cuts to OMERS pension benefits. Beginning in 2007, there were annual proposals that would have cut your OMERS pension benefits. Workers defeated them…
TORONTO, ON – A new report examining executive compensation at the Ontario Municipal Employees Retirement System (OMERS), released today by the Canadian Union of Public Employees (CUPE) Ontario, reinforces the urgent need for an independent review of the pension plan. The report, “High Pay, Low Returns: Why are OMERS Executives Paid So Much?”, used publicly…
On June 29, CUPE Ontario President Fred Hahn appeared before the City of Toronto’s General Government and Licensing Committee to discuss our members’ concerns with the investment failures at OMERS and CUPE’s campaign to Fix OMERS. In front of City Councillors and a virtual room full of OMERS executives and Board members, Fred gave an…
TORONTO, ON – Today, the Canadian Union of Public Employees (CUPE) filed a legal challenge with the Financial Services Regulatory Authority of Ontario (FSRA) about OMERS’ treatment of paramedic members accessing earlier retirement options. “Paramedics have been demanding that OMERS allow them fair access to earlier retirement options for over a decade,” said Fred Hahn,…
Dear CUPE members in OMERS, This week will be the first time that OMERS makes public its mid-year investment results. CUPE Ontario wants OMERS’ returns to be strong. Good investment returns are in the best interest of workers and employers alike. Solid returns are critical to delivering on the modest OMERS pension promise, without putting…
