While OMERS was able to report what Mr. Hutcheson called “exceptional returns,” it has not been able to quiet unions whose members are part of the OMERS plan. The unions have been criticizing OMERS’s costs and long-term financial performance, particularly after 2020.
The Canadian Union of Public Employees (CUPE) Ontario, which called for an independent review of OMERS last year, renewed that demand Friday in advance of the OMERS results and again Monday after their release. CUPE Ontario represents 125,000 of 289,000 OMERS plan members – just less than half of OMERS active membership.
