“Members shouldn’t bear the brunt of OMERS investment decision failures”: CUPE Ontario
TORONTO–(BUSINESS WIRE)–The Ontario Municipal Employees Retirement System (OMERS) pension fund has announced a loss of more than $3 billion last year, says Fred Hahn, President of CUPE Ontario. “This extends a longer pattern of underperformance at OMERS,” said Hahn.
The union, which is the largest member of the plan, is calling for a comprehensive review of investment decisions that “led to these unacceptable results”, greater involvement of employers and unions, and full disclosure to plan members.
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| WHO: | Fred Hahn, President of CUPE Ontario. | ||
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| WHAT: | Response to OMERS’ results. | ||
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| WHEN: | February 25, 1:45 p.m. – 5:00 p.m. | ||
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| WHERE: | Available via telephone, Zoom, or Skype. Contact Daniel Tseghay at 647-220-9739 to be connected. |
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Contacts
Daniel Tseghay
Communications Representative, CUPE
[email protected] | 647-220-9739
