As you are probably aware, late last year the OMERS Sponsors Corporation (SC) Board passed a series of dramatic by-law changes. CUPE Ontario launched a campaign to protect members’ rights and OMERS plan members were able to successfully push back several of the changes. Unfortunately, many others were adopted. 

As a result of OMERS’ refusal to formally provide CUPE Ontario and plan members with the actual text of the by-law changes, the only way to do a full analysis of what the OMERS SC Board voted to change was through a side by side reading of the ‘old’ and ‘new’ by-laws. CUPE has now completed that process which is summarized below

Click here for an update on changes to OMERS by-laws.

Throughout this incredibly frustrating process, CUPE Ontario worked with our allies, our SC Board Representatives and thousands of OMERS plan members to fight for our rights at our pension plan. While there were some important victories, we are deeply disturbed by the changes that were made to OMERS’ governing documents without proper notice, disclosure, or consultation.

As the union representing almost half the active plan members in OMERS, CUPE Ontario knows it is our duty to act as the guardian of not only plan members’ assets and retirement benefits, but their central role in the governance of this plan. We will continue to take whatever steps are necessary to protect CUPE members’ rights and retirement income security in OMERS.

CUPE Ontario