“High Pay, Low Returns: Why are OMERS Executives Paid So Much?”: CUPE Ontario renews call for review at OMERS with new report

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…

CUPE files legal challenge to OMERS’ punitive treatment of paramedics

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,…

“We need answers and accountability”: Important Questions about OMERS’s Investment Returns

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…