The Ontario Municipal Employees Retirement System (OMERS) released mid-year results for the first time in its history, reporting it posted an 8.8-per-cent return in the first six months of 2021, and 18.2 per cent for the 12 months ended in June. The results were insufficient to quiet a combative union that is calling for an…
Details
The union representing more than 40 per cent of OMERS’ members did not appear placated, instead renewing calls for an independent review of OMERS, saying the mid-year results aren’t enough to draw attention away from the pension fund’s “systemic underperformance.“ “Just like a single cold day doesn’t mean temperatures aren’t rising, half a year of…
DetailsOTTAWA, ON – Parks and Recreation workers at the Municipality of Port Hope voted almost unanimously on Friday to join the Canadian Union of Public Employees (CUPE). They join workers in Port Hope’s water and wastewater department and at the municipal library, who are already members of CUPE 749. “It can be challenging for the…
DetailsTORONTO, ON – A first-ever mid-year report by the Ontario Municipal Employees Retirement System (OMERS) can’t draw attention away from the systemic underperformance of OMERS investment returns, says the Canadian Union of Public Employees (CUPE) Ontario. “Just like a single cold day doesn’t mean temperatures aren’t rising, half a year of investment returns tells us…
Details
The hospital workers are asking for respect and better pandemic protections – safety measures, which will also benefit patients. In addition to getting Bill 124 repealed, they want the Ontario Hospital Association (OHA) the umbrella group for hospital employers, to take several concessions, including language around seniority and retirement packages, off the table. In July,…
Details
“Paramedics have been demanding that OMERS allow them fair access to earlier retirement options for over a decade,” said Fred Hahn, President of CUPE Ontario, about the Ontario Municipal Employees Retirement System. “Now OMERS is saying working paramedics can transition to earlier retirement options only at the risk of deep cuts to their pensions. This…
Details
“Our members at this hospital were working very long hours, 14, 15, 16 hours a day,” said Fred Hahn, president of the Canadian Union of Public Employees of Ontario. “Then, when they went home, they were so worried and uncertain about infecting their families that they slept in their garages, or in their cars in…
DetailsTORONTO, 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,…
DetailsHAMILTON, ON – Frontline residential and community outreach workers at Good Shepherd Family Centre, Reaching Home and Women’s Services Hamilton, who are represented by the Canadian Union of Public Employees (CUPE) Local 5167, are exhausted from long hours, low pay, and acute workplace stress that has resulted in chronic understaffing, high staff turnover, leading to…
DetailsDear 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…
Details