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OMERS Administrators Stonewall CUPE Request to Investigate Underperformance

Home / Blog / OMERS Administrators Stonewall CUPE Request to Investigate Underperformance

In 2020, OMERS (Ontario Municipal Employees Retirement System), which manages the pensions of 500,000+ active and retired municipal employees, had a loss of 2.7% – approximately $3 billion). In comparison, HOOP (Healthcare of Ontario Pension Plan) returned +11.4% over the same period.

For more than a decade, OMERS has significantly underperformed comparable pension plans.

Enough is enough

“Enough is enough,” says Brandon Haynes, President of the Toronto Public Library Workers, CUPE Local 4948. “We need to fix OMERS now!”

“Our members deserve a say about how their money is managed.” Haynes continued, “We will not be dismissed.”

Toronto Star reporter, Christine Dobby, wrote an excellent article summing up the issue. Read it HERE

Help us demand transparency at OMERS; please sign CUPE Ontario’s petition.

Members Login Here:

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PETITION: It is our obligation to fully commit to reconciliation. Please sign.

Justice for First Nations, Inuit and Métis peoples is long overdue | Canadian Labour Congress https://canadianlabour.ca/campaigns/justice-for-first-nations-inuit-and-metis-is-long-overdue/

It is a beautiful Saturday morning and library workers @local4948 are attending the Indigenous & Workers of Colour Conference organized by @torontolabour equity committee.

Reflecting on this year’s theme: Rising Above the Storm

Excited to be attending New Librarians Symposium today! This year’s theme is Libraries and Labour: Organizing for Action. Will be talking about the organizing work Toronto #LibraryWorkers have done over the years and the challenges of the future. #NewLibSymp21 @Local4948

Libraries around the world are “thriving” during pandemic.

But is this true? Funding cuts, layoffs, under-investment abound.

Reinvest to ensure the services that library workers provide is around for years to come.
Appreciation must translate to action. https://dailymemphian.com/article/22398/how-memphis-library-system-thrived-in-the-pandemic