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They’re at it again.

For the 3rd time in 4 years, OMERS is pushing a proposal to eliminate guaranteed indexing which, if passed, could allow inflation to erode the value of our pension.

The OMERS Sponsors Corporation (SC) Board of Directors is barging ahead during a pandemic with a vote to eliminate guaranteed indexing on June 24th, a plan that has already been rejected twice. This, despite tens of thousands of us already demanding that they postpone the vote until after the COVID-19 crisis.

If Worker Representatives stand united, we will defeat this harmful proposal and defend our guaranteed indexing. We know we can count on the CUPE Ontario, CUPE Local 79 and OPSEU Representatives to vote NO – but that won’t be enough.

If it passes, this proposal will eliminate an important and valuable pension benefit for OMERS members. It will mean OMERS members, particularly younger workers, will have less valuable, and less secure pensions in retirement.

Will you add your name to defend guaranteed indexing and a dignified retirement for all?

The Message:

Dear OMERS Sponsors Corporation Board Member:

As an OMERS member, I am urging you to vote NO to eliminating my guaranteed indexing.

I have contributed to OMERS throughout my career so that I could rely on my pension and its guaranteed benefits when I retire. That includes guaranteed indexing against inflation.

To learn that your Board is barging ahead with yet another vote to take away this vital benefit, during a global pandemic, is profoundly upsetting. It is also disrespectful of Plan members, especially those working on the frontlines of this health crisis.

The voices of OMERS members need to be heard and respected. It is OUR pension plan, and it is your role to represent workers.

If this vote goes ahead on June 24th, please vote no to so called “Shared Risk Indexing” and protect our guaranteed indexing.

The name “Shared Risk Indexing” is disingenuous. Employers do not share risk in this proposal. Instead, Employer risk is shifted on to Plan members like me, who bear the full risk and consequences of cuts to our pension indexing. Cuts that are entirely within your control to prevent now.

We all know the Employer Representatives on the Board have been trying to get rid of our guaranteed indexing for years.

I understand that if the Worker Representatives stand united, we can defeat this harmful proposal.

We need to work together to protect the value and security of OMERS pensions. Please vote NO.

Sincerely,

Your Name

Your Email

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