Last week, thanks to all your efforts and working with our allies, we were successful in not only stopping all the proposed, concessionary changes to the OMERS pension plan, but also in securing a long sought after, positive provision for paramedics.
As noted in our joint communication last week with other OMERS Sponsor unions, the OMERS Sponsor Corporation (SC) Board voted against implementing:
- Changes to the 100 % guaranteed indexing benefits;
- Changes to early retirement benefits;
- Changes to pension calculations as part of the Canada Pension Plan (CPP) expansion.