OMERS Cuts Blocked Again
The OMERS Sponsors Corporation conducted a two-year review of the pension plan which they called a plan risk assessment. This work was done behind closed doors and there were clear signs that cuts to pensions were being planned.
For years OMERS has been using a range of tactics to cut the pension benefits received by plan members, including CIPP members.
In collaboration with other pension plan members, CIPP pushed back.
Hundreds of our members emailed Mayor Sutcliffe asking him to stand up for our pensions and tell OMERS to back down.
As a result of this organizing and that of other unions in Ontario, this fall OMERS announced that the Sponsors Corporation would not be recommending cuts.
We will remain vigilant and keep you informed on the actions of OMERS so that together we can continue to defend your pension.