CUPE Ontario president Ryan is touring the province, campaigning for true joint control of Ontario municipal workers’ pension plan and against the government’s plans to change it.
- OMERS: we pay we want a say tour schedule
- Send a message to Ontario’s Municipal Affairs & Housing Minister John Gerretsen
Bill 206, introduced in June 2005, would change how the Ontario Municipal Employees Retirement System (OMERS) is controlled, but wouldn’t give worker any real control over how their retirement savings are managed.
And what’s worse, Bill 206 limits future benefit increases, even though OMERS’s benefits compare poorly with other plans.
OMERS is one of Canada’s largest pension plans with about 342,000 members. CUPE represents almost half of OMERS contributors.