Trouvez votre secteur The board of the pension sponsor corporation will vote on what to do about OMERS benefits in November. OMERS is a jointly-sponsored pension and employers and workers are meant to have an equal say in governance. Enhanced Part Time enrollment did not pass. OMERS pensions increase every year in order to keep pace with inflation – this is called “indexing”. Membership is open to any retiree receiving an OMERS pension – and others! Under the current Plan, the SC Board may vote (2/3 majority) to reduce any pension benefit, including indexing, for service time after the date of the vote. Of the 6 proposals that were being considered, two were approved by the OMERS SC board. That means our raises in retirement will depend on whether 2/3 of the SC Board think the fund is healthy enough to give us a raise. On June 23, the British people voted to leave the European Union. RE: Mise à jour importante relativement au vote sur les changements proposés à OMERS. At a meeting this week, the OMERS Sponsor Corporation (SC) board voted against a proposal by employer members to reduce pension payouts to retiring … Je demande à tous les membres du conseil de promotion d’OMERS de faire ce qui est juste en votant CONTRE ces changements proposés au régime de retraite. Je comprends qu’OMERS envisage également de remplacer la garantie d’indexation selon l’inflation par une indexation conditionnelle au service futur, soit conditionnelle à la capitalisation du régime, ou seulement lorsque le régime d’OMERS est entièrement capitalisé à plus de 105 % ET que l’indexation offerte n’entraîne pas une capitalisation intégrale du régime inférieure à 105 %. Depuis 2015, les actifs nets du régime d’OMERS ont augmenté à 95 milliards de dollars, une hausse de 18 milliards de dollars en seulement 2 ans. UPDATE ON OMERS SC PROPOSED PLAN CHANGES The OMERS Sponsor’s Corporation Board of Directors (SC) will be meeting on November 15th at OMERS to secretly consider five proposed plan changes. Press question mark to learn the rest of the keyboard shortcuts. Of the 6 proposals that were being considered, two were approved by the OMERS SC board. Share on email. OMERS: Vote to Protect My Pension OMERS is one of the country's largest defined-benefit pension plans. Lors de la prochaine réunion du conseil d’administration d’OMERS, des changements au régime de retraite feront l’objet d’un vote. OMERS SC board. A pension is a promise. Share this article. Enhanced … OMERS: Vote to Protect My Pension OMERS is one of the country's largest defined-benefit pension plans. Enhanced … Ce n’est ni juste ni équitable. Share this article. At the upcoming meeting of the OMERS Board of Directors, changes to the pension plan will be voted on. Several of these changes have the power to negatively affect plan members and their retirement plans. OMERS’ current system of guaranteed indexation means workers can enjoy a guarantee that their pension will stay consistent throughout their retirement. Removing the 35-year service cap and the ability for Paramedics to negotiate into the NRA 60 pension plan. - Réduire le taux d’actualisation réel (utilisé pour évaluer le coût actuel des futures obligations de retraite), malgré les taux d’intérêt qui continuent d’augmenter au Canada. L’âge de ma retraite a été déterminé au cours des dernières années en fonction des cotisations que j’ai versées à OMERS et des prestations que le régime a promises. Il est injuste de modifier les dispositions sur la retraite anticipée pour les personnes qui auront atteint l’âge de 55 ans après le 1er janvier 2021 et qui ne sont plus admissibles à une pension non réduite jusqu’à que le « facteur 90 » ou la pension des « 30 ans de service » à l’âge de 60 ans s’applique à elles. This means that for service worked after December 31, 2022, annual indexing for that portion of your OMERS pension could be reduced or even eliminated. Just got a newsletter saying OMERS is moving to conditional indexing, what would that mean for me? Instead, employer risk is shifted on to Plan members like me, who bear the full risk and consequences of cuts to our pension … Le régime d’OMERS est l’un des plus importants régimes de retraite à prestations déterminées du pays. Share on twitter. On November 15, 2018, the OMERS Sponsors Corporation (SC) board of directors voted not to adopt proposed changes to the pension plan that would have amounted to large concessions for current pension plan members. Please stay tuned for details - SHAME! Je comprends aussi qu’OMERS envisage activement d’exiger que les bénéficiaires du régime attendent jusqu’à ce qu’ils soient à moins de 5 ans de l’âge normal de la retraite de 65 ans (ou 60 ans plutôt que 55 ans) avant de faire une demande de retraite anticipée sans réduction. On November 15, representatives from employers and unions with members in the OMERS pension plan came together to vote on changes proposed in June. Lors de la prochaine réunion du conseil d’administration d’OMERS, des changements au régime de retraite feront l’objet d’un vote. - Remplacer la garantie d’indexation des prestations de retraite selon l’inflation par une « indexation conditionnelle » seulement lorsque le régime est capitalisé à plus de 105 %; 15. Lors de la prochaine réunion du conseil d’administration d’OMERS, des changements au régime de retraite feront l’objet d’un vote. Skip to content. Mise à jour importante relativement au vote sur les changements proposés à OMERS. OPSEU helps drive defeat of 'unnecessary' OMERS pension changes News provided by. La lettre ci-dessous, adressée au conseil, souligne les changements suivants et les raisons pour lesquelles nous nous y opposons. This ensures that your OMERS pension can buy as … Bon nombre de mes collègues dont les revenus avoisinent le MGADP de 55 900 $ en 2018 pourraient observer une réduction de 6,0 % de leur pension du régime d’OMERS en raison de ce seul changement. Pourtant, alors que les taux d’intérêt au Canada augmentent, OMERS a décidé de réduire le taux d’actualisation réel utilisé dans le régime à 3,75 % par rapport au taux de 4,25 % utilisé en 2015. La valeur réelle de ma pension mensuelle ultérieure d’OMERS est essentielle à mon sentiment de sécurité et à ma capacité de maintenir mes conditions de vie à la retraite. To all OMERS Plan Members: After an extensive Comprehensive Plan Review the OMERS SC Board voted on the proposed Plan changes. Removing the 35-year service cap and the ability for Paramedics to negotiate into the NRA 60 pension plan. On November 15, representatives from employers and unions with members in the OMERS pension plan came together to vote on changes proposed in June. 15. Of the 6 proposals that were being considered, two were approved by the OMERS SC board. The board of the pension sponsor corporation will vote on what to do about OMERS benefits in November. While we do anticipate high volatility over the coming days and weeks, we are prepared and highly focused on … OMERS is deindexing their pension plan in the future. 15 votes, 12 comments. OPSEU urges OMERS to postpone crucial vote. On behalf of the thousands of OPSEU members who belong to the Ontario Municipal Employees Retirement System (OMERS), OPSEU President Warren (Smokey) Thomas has … As a member of the OMERS sponsor board Frank Ramagnano was appointed to represent O.P.F.F.A/T.P.F.F.A members in protecting and improving pension benefits. It is especially bad for younger workers or new hires who will have to work most or all their career without getting the guaranteed indexing of their pension in retirement. OMERS : Un vote pour protéger ma pension. - Limiter l’âge de retraite anticipée à 60 ans et plus; And municipal workers in communities across Ontario – including the people who take care of us right here in Ottawa – are counting on their pension plan, OMERS, for the promise of a secure retirement. Share on email. Unifor has been made aware of several proposed by-law amendments that seek to remove workers’ representatives from the jointly-sponsored OMERS pension plan. Chers membres d’OMERS, Le SCFP-Ontario est profondément déçu de vous rapporter que le conseil d’administration de la Société de promotion d’OMERS a voté en faveur de l’élimination de l’indexation garantie de votre pension pour tout service après le 31 décembre 2022. Removing the 35-year service cap and the ability for Paramedics to negotiate into the NRA 60 pension plan. Les changements proposés touchant ma capacité d’obtenir une pension de retraite anticipée non réduite et toute tentative connexe pour réduire les prestations actuelles du régime d’OMERS mettent en péril mon plan de retraite. - Limiter l’âge de retraite anticipée à 60 ans et plus; À lui seul, ce changement réduit considérablement la somme mensuelle de ma pension lorsque je prendrai ma retraite ou encore il m’obligera à travailler bien au-delà de l’âge auquel j’avais prévu prendre ma retraite. Unifor est le plus grand syndicat du secteur privé au Canada regroupant plus de 305,000 membres de partout au pays et présents dans pratiquement tous les secteurs importants de l’économie canadienne. Determine the type of membership you're eligible for: Life member: As a life member, you'll pay a one-time membership fee of $25 . To all OMERS Plan Members: After an extensive Comprehensive Plan Review the OMERS SC Board voted on the proposed Plan changes. Get The Facts – Defend your OMERS Pension With NEW TOOLS. As such, the OMERS SC Board of Directors is made up of half worker representatives and half employer representatives. It is especially bad for younger workers or new hires who will have to work most or all their career without getting the guaranteed indexing of their pension in retirement. But they have refused … - Réduire le taux d’actualisation réel (utilisé pour évaluer le coût actuel des futures obligations de retraite), malgré les taux d’intérêt qui continuent d’augmenter au Canada. Les autres changements proposés lors de l’exercice d’examen complet du régime d’OMERS auront aussi un impact direct sur mes décisions concernant ma retraite. Close. Log In Sign Up. Si vous souhaitez apporter un appui supplémentaire, veuillez cocher les cases ci-dessous. WHAT YOU CAN DO: Visit our website www.ouromers.ca and tell the OMERS SC Board to Keep Their Promise and vote NO to Shared Risk Indexing. It is especially bad for younger workers or new hires who will have to work most or all their career without getting the guaranteed indexing of their pension in retirement. OMERS guarantees that your pension will be fully indexed every year; a promise OMERS has made since 1992. Thanks to votes from the Firefighters, Police and OSSTF. The voices of OMERS members need to be heard and respected. To all OMERS Plan Members: After an extensive Comprehensive Plan Review the OMERS SC Board voted on the proposed Plan changes. OMERS is a jointly-sponsored pension and employers and workers are meant to have an equal say in governance. Plusieurs de ces changements pourraient affecter négativement les bénéficiaires du régime et leurs plans de retraite. When you’re ready to retire we use a formula that includes your earnings and years of credited service in the OMERS Primary Plan (the … But OMERS has broken that promise by making sweeping changes to pensions. There are a number of changes that are coming to OMERS in the next couple of years. Bref, malgré les décennies de service et les cotisations au régime de retraite, aucun bénéficiaire du régime ne pourrait prendre sa retraite avant d’avoir 60 ans sans réduction de sa pension mensuelle ou sanction. Share on email. VOTE RESULTS; FYI; GET A PENSION ESTIMATE; HOW YOUR PENSION GROWS; LATEST COVID-19 NEWS; MEET OUR MEMBERS: GREG; HOW YOUR OMERS PENSION GROWS. OMERS belongs to plan members – and we deserve to know details of what is being debated and being voted on by the OMERS Sponsors Corporation Board of Directors on June 24th. Plusieurs de ces changements pourraient affecter négativement les bénéficiaires du régime et leurs plans de retraite. With a conditional … But OMERS has broken that promise by making sweeping changes to pensions. When it comes to council pensions, all members are enrolled in the defined benefit plan with the Ontario Municipal Employees Retirement System (OMERS). We know if this vote goes ahead on November 14th and the governance changes pass, it will make it easier for OMERS to cut benefits like pension inflation protection (indexing) and early retirement. OMERS (Ontario Municipal Employees Retirement System) est un gestionnaire de fonds institutionnels ontarien créé par statut en 1962 pour gérer les pensions des employés municipaux de l'Ontario au Canada.Il est devenu l'un des plus importants investisseurs institutionnels du Canada [1].Environ 70 % du fonds provient d'investisseurs, alors que 30 % provient des montants de pension versés. The referendum that led to this decision was announced over a year ago. Subject: OMERS Sponsors Corporation Passes Five Amendments In Recent Vote. Je vous exhorte, en votre qualité de présidents, en collaboration avec tous les représentants et représentantes du conseil d’administration, de ne pas procéder à la mise en œuvre des changements proposés aux dispositions sur la retraite anticipée. Adhérez au SEFPO; À propos de nous; Nouvelles; Événements; Secteur. Il doit y avoir une « période » d’admissibilité plus longue qui reconnaît les attentes légitimes des bénéficiaires du régime d’OMERS, et aucun bénéficiaire actuel d’OMERS ayant 10 ans ou plus de service reconnu ne devrait perdre son droit à une pension non réduite à l’âge de 55 ans si le « facteur 90 » ou la pension des « 30 ans de service » à l’âge de 60 ans s’applique à lui. OMERS SC board. OMERS Board Betrays Plan Members, Eliminates Guaranteed Indexing June 24, 2020 CUPE Ontario is profoundly disappointed to report to you that the OMERS Sponsor Corporation Board of Directors has voted in favour of eliminating the guaranteed indexing of … Le SEFPO encourage OMERS à reporter un vote crucial. Not give them away. La règle de pension des « 30 ans de service » est un élément crucial de mon plan de retraite et m’a permis d’établir l’âge auquel il serait avantageux pour moi de prendre ma retraite. Share on twitter. As well as instituting a complicated governance arrangement, Bill 206 also requires establishment of supplemental plans for police, firefighters and paramedics, who would then be entitled to better pensions than members of the basic … Important Update on Proposed OMERS Plan change vote. Staff | June 26, 2020 . Ce changement proposé au régime d’OMERS fera en sorte qu’une autre tranche de 14 % de mes revenus sera calculée selon le taux d’accumulation inférieur, offrant une accumulation des prestations inférieure et ultérieurement une pension mensuelle inférieure. 15 votes, 12 comments. Vous êtes ici : Accueil; Mise à jour importante relativement… DATE: Le 15 novembre 2018. While we do anticipate high volatility over the coming days and weeks, we are prepared and highly focused on … Enhanced Part Time enrollment did not pass. OMERS board votes to keep guaranteed protection against inflation. Enhanced Part Time enrollment did not pass. Working people need pensions. Every year, your pension is increased by an amount equal to 100% of the increase in the Consumer Price Index (CPI). OMERS pensions increase every year in order to keep pace with inflation – this is called “indexing”. Several of these changes have the power to negatively affect plan members and their retirement plans. OPSEU helps drive defeat of 'unnecessary' OMERS pension changes News provided by. Le régime d’OMERS est l’un des plus importants régimes de retraite à prestations déterminées du pays. Important Update on Proposed OMERS Plan change vote. Ontario Public Service Employees Union (OPSEU) Nov 15, 2018, 20:52 ET. Share on email. As well as instituting a complicated governance arrangement, Bill 206 also requires establishment of supplemental plans for police, firefighters and paramedics, who would then be entitled to better pensions than members of the basic … Évidemment, la pension des « 30 ans de service » est également une pension du « facteur 90 » pour tout bénéficiaire du régime d’OMERS qui travaille pendant 35 ans s’il a commencé à l’âge de 20 ans : 20 ans + 35 ans = 55 ans + 35 ans de service = 90. Le régime d’OMERS est l’un des plus importants régimes de retraite à prestations déterminées du pays. That’s why on March 25th, CUPE Ontario sent the OMERS SC Board a letter requesting the postponement of their planned June vote to remove guaranteed indexing from the pension plan. User account menu. What does this mean? Board to vote on indexing. Log In Sign Up. Close. It notes OMERS remains the only pension plan in Ontario in which the government plays the sponsor’s role without being a direct contributor to the plan. Of the 6 proposals that were being considered, two were approved by the OMERS SC board. Ontario Public Service Employees Union (OPSEU) Nov 15, 2018, 20:52 ET. Will you add your voice to stop it? OMERS’ current system of guaranteed indexation means workers can enjoy a guarantee that their pension will stay consistent throughout their retirement. In June 2020, the OMERS SC Board will be voting on whether to move from guaranteed indexing to “shared risk” indexing. OMERS is deindexing their pension plan in the future. March 31, 2020 - 4:25 pm Notice; Ontario Municipal Employees Retirement System [OMERS], Pensions, Pensions and Benefits; Share on facebook . Je vous demande, en tant que présidents, de vous assurer que cette lettre est partagée avec tous les membres du conseil d’administration. 15. It has 100% guaranteed indexing, which means retirees are guaranteed cost of living raises every year. OMERS has been preparing for this possibility with comprehensive analysis and strategic decisions, including managing currency risk. Specific changes in our organization will be communicated on how they will roll out in our agency specifically. Provincial and Toronto executives endorsed Frank’s vote to eliminate future pension earnings. The intent of the Comprehensive Plan Review is to ensure – in light of financial, social, economic, and demographic trends and challenges – that the Plans remain sustainable, meaningful, and affordable for members and related stakeholders. The result was 50% plus one in favour of the changes, a thin majority that fell short of the two-third majority required to make changes to the OMERS pension plan. Plan design changes are on the horizon for the Ontario Municipal Employees Retirement System’s primary pension plan. The referendum that led to this decision was announced over a year ago. En tant que bénéficiaire du régime d’OMERS, j’ai accepté pendant des années de gagner un revenu plus modeste que les autres membres de ma communauté parce que j’appréciais de pouvoir verser une partie de mon salaire dans un régime de retraite en sachant qu’une pension à prestations déterminées décente et sûre serait essentielle à mon plan de retraite. The OMERS Sponsors Corp (SC) Board is scheduled to vote on this proposal on June 24, 2020, and we need to tell the OMERS SC Board members to vote NO to the proposed changes. The largest institutional investors in Canada please vote no to so-called “ Shared risk ” indexing the future est. “ indexing ” the keyboard shortcuts OMERS pensions increase every year in order to keep pace with inflation this! The SC is not publicizing the date of the OMERS Board of Directors, changes to pensions …! 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