The Ford Conservatives have ordered an OMERS governance review and appointed one of their own, Robert Poirier, to lead it.
The review will look at the Sponsors Corporation (SC) in particular. This is the body in which CUPE and other unions are represented; the SC is how CUPE plan members have their say over what happens to the plan that manages their pension.
Your retirement future depends on your involvement!
Get involved!
- Add your name to CUPE Ontario’s review submission: CUPE Ontario’s submission to the OMERS review
- Train as OMERS pension activist: OMERS Pension Activist
Our submission to the governance review will demand
- an end to the bogus “confidentiality” requirements that keep plan sponsors like CUPE in the dark about OMERS operations,
- recognition that “joint sponsorship” means that CUPE members must have a say in OMERS decision and direction,
- real-world consequences for OMERS brass when they don’t meet the plan’s investment targets,
- and an end to obscene compensation for OMERS executives: OMERS bosses make top pay but produce the worst growth of all public sector pension plans!
Remember, an OMERS pension isn’t a gift. It’s your deferred wages!
