Ontario Municipal Employees Retirement System [OMERS]

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OPSEU/SEFPO is very concerned about OMERS’s investing strategies in light of the losses the municipal sector workers’ pension plan recorded in 2020. The union very proudly represents some 15,000 municipal sector workers, many of whom are part of the OMERS pension plan. As a union sponsor, OPSEU/SEFPO has a vested interest in the plan’s success...

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Mr. Clyde MacLellan Chair, Public Sector Accounting Board Dear Mr. MacLellan, The purpose of this letter is to provide comments from the Ontario Public Service Employees Union (OPSEU/SEFPO) on the Public Sector Accounting Board’s (PSAB’s) review of Section PS 3250, Retirement Benefits (“the Project”). We believe that the practical effects of these changes will be unhelpful...

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Warren (Smokey) Thomas, President of OPSEU, has sent the following letter to Michael Rolland, CEO of OMERS, about the OMERS board’s adoption of shared risk indexing. July 2, 2020 Mr. Michael RollandChief Executive OfficerOMERS Sponsors Corporation900-100 Adelaide Street WestToronto, Ontario  M5H 0E2 Dear Mr. Rolland, We are greatly disappointed by your announcement that details of...

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