Toronto, ON – The Ontario Municipal Employees Retirement System (OMERS) pension fund has announced a loss of more than $3 billion last year, says Fred Hahn, President of CUPE Ontario. “This extends a longer pattern of underperformance at OMERS,” said Hahn.
The union, which is the largest member of the plan, is calling for a comprehensive review of investment decisions that “led to these unacceptable results”, greater involvement of employers and unions, and full disclosure to plan members.
WHO: Fred Hahn, President of CUPE Ontario.
WHAT: Response to OMERS’ results.
WHEN: February 25, 1:45 p.m. – 5:00 p.m.
WHERE: Available via telephone, Zoom, or Skype. Contact Daniel Tseghay at 647-220-9739 to be connected.
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For more information, contact:
Daniel Tseghay
Communications Representative, CUPE
[email protected] | 647-220-9739
kw/cope491
