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CUPE Calls For Retirement Fund Investigation

Fort Frances, ON, Canada / 93.1 The Border May 19, 2021 | 8:29 PM The Canadian Union of Public Employees (CUPE) wants an investigation into the Ontario Municipal Employees Retirement System (OMERS). Fred Hahn is the president of CUPE Ontario and says OMERS saw losses of 2.7 per-cent last year. “2.7 per-cent represents around $3 billion lost,” says Hahn, “When you look at what OMERS is expected to return, the problem is even greater. OMERS anticipated a return of 6.9 per-cent in 2020.” He explains that they want to know why. “We’ve been worried that 2020 might be a bad year for returns, but we were shocked at how bad. In 2020, OMERS returned -2.7 per-cent. No other comparable pension plans had a negative return in 2020.”

Fred hahnCanadian union of public employeesCanadian unionPublic employeesOntario municipal employees retirement systemஃப்ரெட் ஹான்கனடியன் தொழிற்சங்கம் ஆஃப் பொது ஊழியர்கள்கனடியன் தொழிற்சங்கம்பொது ஊழியர்கள்ஆஂடேரியொ நகராட்சி ஊழியர்கள் ஓய்வு அமைப்பு

CUPE calls for independent review of OMERS pension plan

Article content The Canadian Union of Public Employees is calling for an urgent “full and independent review” of their “underperforming” Ontario Municipal Employees Retirement System (OMERS) pension plan. CUPE Ontario president Fred Hahn held a virtual press conference to address the issue and release the report, titled Not Just One ‘Tough Year’: The Need for a Review of OMERS Investment Performance. We apologize, but this video has failed to load. Try refreshing your browser. CUPE calls for independent review of OMERS pension plan Back to video The report examines how OMERS investments have performed compared to other large pension plans and funds. It also reveals how OMERS has underperformed compared to its own internal benchmarks.

Jennifer hamilton mccharlesFred hahnBest westernCanadian union of publicNorthern ontarioNorth bayFile photoCanadian unionPublic employeesOntario municipal employees retirement systemJust oneTough yearஜெனிபர் ஹாமில்டன் ம்க்சார்லேஸ்ஃப்ரெட் ஹான்சிறந்தது மேற்குகனடியன் தொழிற்சங்கம் ஆஃப் பொது

CUPE report calls for third-party review, alleges underperformance by pension fund manager OMERS

CUPE report calls for third-party review, alleges underperformance by pension fund manager OMERS
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British columbiaYolanda mccleanGeorge cookeBradley houghFred hahnAdministration corpCanadian union of public employeesOntario municipal employees retirement systemCanadian unionPublic employeesபிரிட்டிஷ் கொலம்பியாஜார்ஜ் சமைக்கபிராட்லி ஹஃப்ஃப்ரெட் ஹான்கனடியன் தொழிற்சங்கம் ஆஃப் பொது ஊழியர்கள்ஆஂடேரியொ நகராட்சி ஊழியர்கள் ஓய்வு அமைப்பு

CUPE calls for independent review of OMERS pension plan

CUPE calls for independent review of OMERS pension plan
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Jennifer hamilton mccharlesFred hahnBest westernCanadian union of publicNorthern ontarioNorth bayFile photoCanadian unionPublic employeesOntario municipal employees retirement systemJust oneTough yearஜெனிபர் ஹாமில்டன் ம்க்சார்லேஸ்ஃப்ரெட் ஹான்சிறந்தது மேற்குகனடியன் தொழிற்சங்கம் ஆஃப் பொது

Canadian investors sell majority stake in Britain s ERM to KKR

1 Min Read LONDON (Reuters) - OMERS Private Equity and the Alberta Investment Management Corporation (AIMCo) have sold a controlling stake in consultancy Environmental Resources Management (ERM) to private equity firm KKR, the Canadian funds said on Monday. The 60% stake sale gives ERM an enterprise value of $2.85 billion, a source familiar with the matter said. UK-headquartered ERM operates in 40 countries and has more than 5,500 staff, advising clients on sustainability challenges and commercial opportunities. OMERS had a little over 40% of the business while AIMCo had slightly under 20%, with ERM management holding the balance, the source added. OMERS Private Equity, a unit of the Ontario Municipal Employees Retirement System, and AIMCo started investing in ERM in 2015 in a deal that valued the company at $1.7 billion.

City ofUnited kingdomCarolyn cohnThomson reuters trust principlesAlberta investment management corporation aimcoAlberta investment management corporationEnvironmental resources managementOntario municipal employees retirement systemThomson reuters trustBusiness support services trbc level 4Business support services nec trbc level 5Climate changeCompany newsDivestitures spin offsEnvironmental consultancy services trbc level 5Financials legacy