Click here for a NEW Myth Buster Document where we unpack some of the “spin” that is being used by some to disguise the very worst parts of this proposal … Unifor has been made aware of several proposed by-law amendments that seek to remove workers’ representatives from the jointly-sponsored OMERS pension plan. Share on email. Skip to content. 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. 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. Please stay tuned for details - SHAME! Of the 6 proposals that were being considered, two were approved by the OMERS SC board. At the upcoming meeting of the OMERS Board of Directors, changes to the pension plan will be voted on. Will you add your voice to stop it? The pension deindexing won’t affect Frank Ramagnano’s pension as he has over 30 years, is a Acting District Chief earning over $130,000, over $70,000 as President of T.P.F.F.A … OMERS’ current system of guaranteed indexation means workers can enjoy a guarantee that their pension will stay consistent throughout their retirement. As of December 2019, OMERS had C$109 billion in net investment assets. We know if this vote goes ahead on November 14 th and the governance changes pass, it will make it easier for OMERS to cut benefits like pension inflation protection (indexing) and early retirement. La proposition d’« indexation à risque partagé » a été adoptée. 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. It has become one of the largest institutional investors in Canada. The OMERS Board has voted to de-index our pensions! 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. 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. Afin de protéger les travailleuses et travailleurs qui approchent de la retraite et de continuer d’assurer des prestations de retraite maximales à tous les bénéficiaires du régime, nous devons demander au conseil d’administration de voter CONTRE ces changements. 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. 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. Removing the 35-year service cap and the ability for Paramedics to negotiate into the NRA 60 pension plan. The name “Shared Risk Indexing” is disingenuous. 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. OMERS pensions increase every year in order to keep pace with inflation – this is called “indexing”. Enhanced … OMERS: Vote to Protect My Pension OMERS is one of the country's largest defined-benefit pension plans. 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. Log In Sign Up. Le taux d’actualisation réel aura été réduit de 50 points de base en seulement 10 ans, engendrant une valeur actuelle par ailleurs supérieure des futures obligations de retraite. A pension is a promise. To all OMERS Plan Members: After an extensive Comprehensive Plan Review the OMERS SC Board voted on the proposed Plan changes. Employers do not share risk in this proposal. Pourquoi cette mesure est-elle nécessaire alors qu’en 2017, le ratio de capitalisation a augmenté à 94 %, marquant la cinquième année consécutive de hausse de la capitalisation pour les bénéficiaires du régime d’OMERS et d’un régime par capitalisation intégrale prévu sur une base rajustée d’ici 2025? At the upcoming meeting of the OMERS Board of Directors, changes to the pension plan will be voted on. Important Update on Proposed OMERS Plan change vote. 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. - Réduire les taux d’accumulation des prestations de retraite, ralentissant la croissance de la pension; But OMERS has broken that promise by making sweeping changes to pensions. For example, last year the price of goods and services went up by 1.89%, so OMERS pensions increased by 1.89% as of January 1, 2020. Votre soutien est nécessaire pour dire au conseil d’administration de protéger notre régime de pension. Enhanced Part Time enrollment did not pass. Votre soutien est nécessaire pour dire au conseil d’administration de protéger notre régime de pension. Si l’incertitude quant au montant de ma pension mensuelle est plus grande, l’insécurité et la crainte de recevoir une pension inadéquate sont également plus grandes. Provincial and Toronto executives endorsed Frank’s vote to eliminate future pension earnings. Lors de la prochaine réunion du conseil d’administration d’OMERS, des changements au régime de retraite feront l’objet d’un vote. Of the 6 proposals that were being considered, two were approved by the OMERS SC board. - Limiter l’âge de retraite anticipée à 60 ans et plus; 15 votes, 12 comments. OMERS’ current system of guaranteed indexation means workers can enjoy a guarantee that their pension will stay consistent throughout their retirement. 31 mars 2020 16 h 25 Avis; Ontario Municipal Employees Retirement System [OMERS], Pensions, Pensions and Benefits; Share on facebook. 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. Je comprends aussi qu’OMERS propose des changements à la façon dont les taux d’accumulation des prestations de retraite sont calculés afin d’intégrer les récentes améliorations au Régime de pensions du Canada. 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. OMERS is deindexing their pension plan in the future. Working people need pensions. 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. Specific changes in our organization will be communicated on how they will roll out in our agency specifically. Le régime d’OMERS est l’un des plus importants régimes de retraite à prestations déterminées du pays. This ensures that your OMERS pension can buy as … Especially if they say the … Press J to jump to the feed. Share on twitter. Partage Share on Facebook Share on Linkedin Share on Twitter Share on Google_plusone_share Share on Addthis. 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. Its assets under management grew to $340.1 billion from $309.5 billion a year ago. But OMERS has broken that promise by making sweeping changes to pensions. This Wednesday, the OMERS Sponsors Corporation (SC) Board will vote on a proposal to remove guaranteed indexing at OMERS. Especially if they say the … Press J to jump to the feed. Vous êtes ici : Accueil; Mise à jour importante relativement… DATE: Le 15 novembre 2018. OMERS: Vote to Protect My Pension OMERS is one of the country's largest defined-benefit pension plans. The board of the pension sponsor corporation will vote on what to do about OMERS benefits in November. OMERS is a great pension plan. When it comes to council pensions, all members are enrolled in the defined benefit plan with the Ontario Municipal Employees Retirement System (OMERS). On behalf of the thousands of OPSEU members who belong to the Ontario Municipal Employees Retirement System (OMERS), OPSEU President Warren (Smokey) Thomas has … For example, last year the price of goods and services went up by 1.89%, so OMERS pensions increased by 1.89% as of January 1, 2020. Enhanced Part Time enrollment did not pass. 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. OMERS is a jointly-sponsored pension and employers and workers are meant to have an equal say in governance. Your support is needed to tell the board to protect our pension plan. It has 100% guaranteed indexing, which means retirees are guaranteed cost of living raises every year. Share on email. La lettre ci-dessous, adressée au conseil, souligne les changements suivants et les raisons pour lesquelles nous nous y opposons. OMERS SC board. 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. Actuellement, mes prestations de retraite sont calculées en multipliant mes années de service par le taux d’accumulation de 1,325 % des revenus jusqu’au MGADP actuel de 55 900 $ et par 2,0 % au-delà de ce montant. OMERS guarantees that your pension will be fully indexed every year; a promise OMERS has made since 1992. 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 … Share on twitter. Le régime d’OMERS est l’un des plus importants régimes de retraite à prestations déterminées du pays. Every year, your pension is increased by an amount equal to 100% of the increase in the Consumer Price Index (CPI). At this time the SC is not publicizing the date of the vote, nor what is actually being voted on. Removing the 35-year service cap and the ability for Paramedics to negotiate into the NRA 60 pension plan. Share this article. The SC Board will vote on final changes in November, following our consultation process. 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 %. Just got a newsletter saying OMERS is moving to conditional indexing, what would that mean for me? Press question mark to learn the rest of the keyboard shortcuts. At a meeting this week, the OMERS Sponsor Corporation (SC) board voted against a proposal by employer members to reduce pension payouts to retiring … OMERS SC board. Plan design changes are on the horizon for the Ontario Municipal Employees Retirement System’s primary pension plan. As such, the OMERS SC Board of Directors is made up of half worker representatives and half employer representatives. 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. La lettre ci-dessous, adressée au conseil, souligne les changements suivants et les raisons pour lesquelles nous nous y opposons. 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. Share on email. To all OMERS Plan Members: After an extensive Comprehensive Plan Review the OMERS SC Board voted on the proposed Plan changes. 15. The vote is happening Thursday, November 14, 2019. 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. As such, the OMERS SC Board of Directors is made up of half worker representatives and half employer representatives. 15. Removing the 35-year service cap and the ability for Paramedics to negotiate into the NRA 60 pension plan. RE: Mise à jour importante relativement au vote sur les changements proposés à OMERS. This ensures that your OMERS pension can buy as … The voices of OMERS members need to be heard and respected. Share this article. While we do anticipate high volatility over the coming days and weeks, we are prepared and highly focused on … OMERS pensions increase every year in order to keep pace with inflation – this is called “indexing”. User account menu. 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. 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 … Close. - Limiter l’âge de retraite anticipée à 60 ans et plus; Plusieurs de ces changements pourraient affecter négativement les bénéficiaires du régime et leurs plans de retraite. Présentement, en tant que bénéficiaire du régime d’OMERS, je peux prendre ma retraite plus tôt sans aucune réduction de ma pension mensuelle ni sanction si j’ai travaillé pendant 30 ans ou plus, ou si le « facteur 90 » s’applique à ma situation, c’est-à-dire que mon âge et mes années de service aux fins du régime totalisent 90. 31 mars 2020 16 h 25 Avis; Ontario Municipal Employees Retirement System [OMERS], Pensions, Pensions and Benefits; Share on facebook. Share on email. Ontario Public Service Employees Union (OPSEU) Nov 15, 2018, 20:52 ET. Enhanced … Log In Sign Up. Le SEFPO encourage OMERS à reporter un vote crucial. 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. But they have refused … 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. A pension is a promise. 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. What does this mean? Good day everyone, There has been some changes to the OMERS pension plan recently (see forward). What does this mean? They tried it in 2018 and we stopped them. Membership is open to any retiree receiving an OMERS pension – and others! Les changements au Régime de pensions du Canada incluent une nouvelle définition du « maximum supplémentaire des gains annuels ouvrant droit à pension » (MSGAP) qui sera de 107 % du maximum des gains annuels ouvrant droit à pension (MGADP) en 2024 et de 114 % du MGADP par la suite. Changes to the pensions overseen by OMERS are considered annually, but this year’s proposal to reduce the “multiplier” rate at which workers rack up retirement payouts — to 1.85% from 2% — is “more drastic,” according to Simon Archer, a pension specialist at law firm Koskie Minsky LLP in Toronto. On November 15, representatives from employers and unions with members in the OMERS pension plan came together to vote on changes proposed in June. Politique de respect de la vie privée : Les coordonnées sur ce formulaire ou les commentaires que vous formulez seront privés et confidentiels, et ne seront communiqués à aucune personne ou organisation autre que les représentants de cette campagne. Board to vote on indexing. OMERS : Un vote pour protéger ma pension. - 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 %; The referendum that led to this decision was announced over a year ago. Subject: OMERS Sponsors Corporation Passes Five Amendments In Recent Vote. The board of the pension sponsor corporation will vote on what to do about OMERS benefits in November. With a conditional indexing policy, this rate is effectively voted … March 31, 2020 - 4:25 pm Notice; Ontario Municipal Employees Retirement System [OMERS], Pensions, Pensions and Benefits; Share on facebook . It is OUR pension plan, and it is your role to represent workers. Lors de la prochaine réunion du conseil d’administration d’OMERS, des changements au régime de retraite feront l’objet d’un vote. On June 23, the British people voted to leave the European Union. Enhanced Part Time enrollment did not pass. The Ontario Municipal Employees Retirement System (OMERS) is a Canadian pension fund created by Ontario provincial statute in 1962 to manage the retirement benefits of all local government employees in the Canadian province of Ontario. Instead, employer risk is shifted on to Plan members like me, who bear the full risk and consequences of cuts to our pension … Important Update on Proposed OMERS Plan change vote. TO: Tous les membres d’OMERS. On behalf of the thousands of OPSEU members who belong to the Ontario Municipal Employees Retirement System (OMERS), OPSEU President Warren (Smokey) Thomas has … Je vous écris aujourd’hui pour vous faire part de mes inquiétudes concernant des détails précis des changements proposés au régime de retraite d’OMERS qui pourraient avoir un impact considérable sur mes plans de retraite. As a defined benefit pension plan, OMERS provides you with secure, predictable retirement income. Not give them away. 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. 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. OPSEU helps drive defeat of 'unnecessary' OMERS pension changes News provided by. Of the 6 proposals that were being considered, two were approved by the OMERS SC board. Lors de la prochaine réunion du conseil d’administration d’OMERS, des changements au régime de retraite feront l’objet d’un vote. If you enroll in the MROO Health Insurance Plan before you pay the $25 membership fee, we'll waive the fee. 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. To all OMERS Plan Members: After an extensive Comprehensive Plan Review the OMERS SC Board voted on the proposed Plan changes. With a conditional … Removing the 35-year service cap and the ability for Paramedics to negotiate into the NRA 60 pension plan. OPSEU helps drive defeat of 'unnecessary' OMERS pension changes News provided by. What’s … VOTE RESULTS; FYI; GET A PENSION ESTIMATE; HOW YOUR PENSION GROWS; LATEST COVID-19 NEWS; MEET OUR MEMBERS: GREG; HOW YOUR OMERS PENSION GROWS. Adhérez au SEFPO; À propos de nous; Nouvelles; Événements; Secteur. 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 … To all OMERS Plan Members: After an extensive Comprehensive Plan Review the OMERS SC Board voted on the proposed Plan changes. On June 23, the British people voted to leave the European Union. If this vote goes ahead on June 24th, please vote no to so-called “Shared Risk Indexing” and protect our guaranteed indexing. User account menu. - 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 %; 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. 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. As a defined benefit pension plan, OMERS provides you with secure, predictable retirement income. Of the 6 proposals that were being considered, two were approved by the OMERS SC board. While we do anticipate high volatility over the coming days and weeks, we are prepared and highly focused on … Omers’ 2019 results trailed the average 14-per-cent increase of Canadian defined pension plans, as estimated by RBC Investor Services. - Réduire les taux d’accumulation des prestations de retraite, ralentissant la croissance de la pension; - 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. Get The Facts – Defend your OMERS Pension With NEW TOOLS. We know if this vote goes ahead on November 14 th and the governance changes pass, it will make it easier for OMERS to cut benefits like pension inflation protection (indexing) and early retirement. March 31, 2020 - 4:25 pm Notice; Ontario Municipal Employees Retirement System [OMERS], Pensions, Pensions and Benefits; Share on facebook . Removing the 35-year service cap and the ability for Paramedics to negotiate into the NRA 60 pension plan. OMERS is deindexing their pension plan in the future. There are a number of changes that are coming to OMERS in the next couple of years. Le régime d’OMERS est l’un des plus importants régimes de retraite à prestations déterminées du pays. Removing the 35-year service cap and the ability for Paramedics to negotiate into the NRA 60 pension plan. Results trailed the average 14-per-cent increase of Canadian defined pension plans êtes:... 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