20 Eglinton Ave. West
Suite 1109, PO Box 2053
Toronto, ON  M4R 1K8

Phone:
416.440.7981

Office Hours:
Mon-Fri 09:00 to 17:00

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:

Member Site

Local Twitter

Want to support the United Way AND have ice cream? You can! TPL Workers Union local 4948 will be raising money for the United Way through sales at their ice cream truck. It will be in the neighbourhood Sept 16. @Local4948 @UWGreaterTO

The clinics will be open from 8 a.m. to 8 p.m. In addition, and in partnership with @torontolibrary, the TTC and @TOPublicHealth, a pop-up TTC bus vaccination clinic will be held at Rexdale Library on Monday, September 13 from 2 to 6 p.m.

The Social Infrastructure in #TorontoDanforth communities that has and continues to keep our local @torontolibrary branches going.

On #LabourDay a nod to @Local4948 Thank You ✊🏾@TPLJonesLibrary @TPLRiverdale @4948president

#ImLibraryPeople

Toronto #Labour #Unions Unite! @tsuOECTA stands with @cupelocal79 and @Local4948 @torontolabour #cavalcade 🚲 🚗 🎉! As we rise up for a just recovery!
@dmdmitchell @4948president @OECTAProv