SUDBURY Sudbury City Councils Planning and Priorities Committee will hear a presentation tomorrow night on the Ontario Municipal Employees Retirement System (OMERS) from Brian OKeefe, secretary-treasurer of the Canadian Union of Public Employees (CUPE) Ontario Division.
Councillor Terry Kett asked CUPE to speak in relation to his motion calling for a public inquiry into OMERS investment practices, particularly its dealings with its former subsidiary, Borealis. The City of Windsor passed a similar motion last month. CUPE Ontario President Sid Ryan recently wrote to Premier Dalton McGuinty asking for his support for the unions request that OMERS retain independent auditors to report on the establishment, operation and winding up of Borealis.
OMERS is the pension plan for 98,000 CUPE members in municipalities, electrical utilities, school boards and childrens aid societies.
OKeefe will address Sudbury councillors at 7:00 p.m., Wednesday, June 9 in the council chambers at Sudbury City Hall, Tom Davies Square.
For more information, please contact:
Secretary-Treasurer CUPE Ontario