In a very disappointing vote yesterday, the OMERS Sponsors Corp voted to eliminate guaranteed indexing in favour of Shared Risk Indexing. This decision will affect any credited service accumulated after December 2022. Read more in a letter from Fred Hahn. Dear OMERS Plan members
Defend Guaranteed Indexing in Your Pension Indexing
For the third time in 4 years, OMERS is trying to take away guaranteed indexing, an important benefit that protects our pensions from inflation when we retire.
They call their proposal to cut guaranteed indexing “Shared Risk Indexing” but fail to mention it is only workers and retirees, like us, sharing the risk. This proposal, if passed, will actually benefit employers by shifting risk from employers to workers and retirees. To find out more about the proposal and why you should send OMERS a message if you haven’t already, read the Fact Sheet below.
For more information and new ways to defend our pension, visit the following links:
Webinar on Shared Risk Indexing Click here
Call OMERS directly – they need to hear from plan members Click here
Send a Message to Keep Guaranteed Indexing in Our Plan Click here
Visit the link below for answers to questions you may have about the CERB such as eligibility and what you need to apply.
Read information below from the Education Worker Benefit Trust regarding our benefit plan.
Visit the CUPE Ontario website to learn about campaigns and actions you can take to help workers during the COVID-19 outbreak.
Airlines: Federal relief must focus on workers now, not CEOs
The COVID-19 pandemic and sweeping government efforts to combat it are now having a far-reaching impact on airline and Canada’s 50,000 airline workers who are laid-off by the thousands. Since your government bears some responsibility for the financial consequences for airlines and their employees, an airline federal aid package focusing on workers is needed now.
Newsletter Special Edition Dec 2020
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Read the most recent update sent from our Ontario School Board Council of Unions
OSBCU_Members’_Bulletin – April
OSBCU Members Bulletin – March 26
OSBCU Members’ Bulletin – March 19
The government announced the closure of Ontario schools for two weeks following the March Break.
Read more information here: Further to the Announcement
