The union representing 125,000 Ontario municipal workers who are members of the OMERS pension plan is calling for a third-party review of the plan’s investment performance after it posted a “shocking” loss in 2020. Read the full article here.
TORONTO, ON – CUPE Ontario is calling for increased scrutiny of today’s announcement by the Ontario Municipal Employees Retirement System (OMERS) that the pension fund lost more than $3 billion last year. This represents a shortfall of more than $10 billion compared to their own benchmark returns for 2020. OMERS manages more than $100 billion…
TORONTO, ON – Since December 14, 1990, when the UN General Assembly proclaimed October 1 as the International Day of Older Persons this has been a key date for older persons across Ontario. In Canada and around the world, demographics are shifting. The rapid increase of older persons within Ontario communities is creating a much…
