Toronto - CUPE Ontario President Sid Ryan is calling for co-management of OMERS. “The current model, which gives government a say on plan benefits, is unacceptable,” Ryan says.
CUPE Ontario presents its brief on Bill 206 to the Liberals on Monday, November 14, at 5:40 p.m. at Queens Park.
“The current plan ties the hands of OMERS members to improve the plan. It sentences seniors to poverty-line living,” says Ryan.
“It allows the Board of Directors to disregard OMERS members and make questionable decisions on a number of fronts — including plan communication and investment matters.”
“By creating an equal partnership between employers and members, OMERS can grow into line with other public pension plans.”
“CUPE will continue to push the Liberals for a negotiation process and an agreement within realistic timelines,” Ryan says.
For more information, contact:
President, CUPE Ontario
Executive Assistant, CUPE Ontario
416-299-9739 x264; 519-524-3340 (cell)