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|On Monday, September 3 CUPE Ontario members will take part in Labour Day events across Ontario.
The annual celebration has its roots in the labour movement’s fight for an eight-hour work day and celebrates the gains unions have struggled to achieve for all workers, such as better wages, health and safety regulations, pensions, parental leave, same-sex spousal benefits and pay equity.
This year we will be putting our focus on mobilizing for justice and fighting back against the regressive policies of the Doug Ford government.
Come out with your family and join fellow unionists at a Labour Day event near you.
A message from the Pride Committee
Now that PRIDE London is over, I would like to send an email to thank all of those involved in the parade.
The enthusiasm and positive energy that was brought this past Sunday by all brothers and sisters was appreciated and noticed by our London community.
I would personally like to thank the PRIDE committee for their ideas, and hard work. A personal thank you to Anna Marie Apau for going above and beyond, and being so well connected, as well as Kelly Ransom for once again being our trusted driver J
Next year is London PRIDES 25th anniversary. We would like this to be our biggest turn out yet. We hope to see our fellow brothers and sisters next year.
Housing Social Services and Dearness Home
OMERS just had another high performing year.
* Investment returns of a net 11.5%, almost double required discount rate of 6.2% and well above the strategic rate.
* 2017 earnings of $9.9 billion were used to both lower next year’s discount rate and increase the plan fund.
* The plan holds more than $95 million in assets.
Yet some at the sponsors corporation want to get rid of key benefits like guaranteed indexing. We can’t let that happen.
Let OMERS know we must keep key benefits like guaranteed indexing so we can keep up with cost-of-living increases and live with dignity after we retire.
Send them a message:
Dear Sponsors Corporation CEO,
I am a member of the OMERS pension plan and am writing to express my concern that, yet again, the OMERS Sponsors Corporation (SC) is considering plans to modify the benefits in OMERS, including guaranteed indexing
After yet another high performing years OMERS is well ahead of schedule to be fully fu dead by 2025, keeping our plan in a strong position to maintain core benefits like guaranteed indexing.
2017’s investment returns of a net 11.5% are almost double the required discount rate of 6.2% and well above the strategic rate. With $9.9 billion in earnings this year, the plan was able to both lower the discount rate for 2018 and increase the plan’s funded status.
We are in a very strong position to stay the course, as a member of the plan, that is what I want OMERS to do as it goes through Comprehensive Plan Review.
Most OMERS pension members make modest salaries; but we defer a portion of our wages to the plan because we know it is critical for our retirement. We also know that our modest salaries turn into modest pensions. Maintaining OMERS benefits, like guaranteed indexing, is critical to us keeping up with the constant increases in the cost of living once we retire.
Guaranteed indexing, survivor benefits and early retirement are some of the key benefits of being an OMERS plan member. They are features of our pension plan that makes us proud to be members – features for which I have willingly contributed more to my pension to guarantee they will be there when I retire.
I know the current proposal is to do a comprehensive Review, looking at all plan benefits based on “what if” versions of the future. I also know this comes less than a year after previous attempts to reduce OMERS ‘ current benefits puts my own retirement planning in jeopardy. That is not an unknown future “what if” – that is a fact.
I am asking all members of the OMERS SC to do the right thing and vote against any proposals that reduce OMERS benefits, and request that, as the CEO, you ensure this correspondence is shared at the next meeting of the OMERS SC Board.
Changes to your OMERS pension Telephone Town Hall
Mark your calendars: Critical call on changes to your OM.ERS pension – July 11, 6 pm
CUPE Ontario now has the details of the changes OMERS is planning to make to the pension plan and they are not good for you or the members of your local. You need to know the details so we can stop them before the damage is done.
We are holding a very important telephone Town hall to go over the proposed changes and what w need to do to protect your pension.
The Town hall will take place on Wednesday July 11th at 6:00 pm.
To participate all you need to do is answer the phone when we call or you can dial in directly by calling:
1-877-229-8493 (114235#) for English
1-877-229-8493 (114915#) for French
It is critical that your local executive is on the call
We look forward to your participation
Please join your fellow CUPE 101 brothers and sisters on Sunday, July 29th, 2018 at 11:30 am
We encourage all participants to come dressed in their best cowgirl/cowboy apparel.