10 April 2018 – Equal Pay Day! Support Working Women – Erase the Gap.
Equal Pay Coalition says women are done waiting.
Show Us The Money to close the gender pay gap.
TORONTO, April 09, 2018 (GLOBE NEWSWIRE) — Equal Pay Day is marked on April 10 because women need to work 15.5 months – 3.5 months into the new year – to earn what a man does in 12 months. Ontario’s gender pay gap is a human rights and economic crisis. The latest Census data shows that Indigenous women in Ontario face a 43% gender pay gap; racialized women: 38%; immigrant women: 34%. On average Ontario women face a 29.3% pay gap. (Census Canada data, Cat #98-400-X2016277)
On Equal Pay Day, the Equal Pay Coalition calls on the Ontario government to take bold, concrete action to close the gender pay gap.
“Women are done waiting” says Fay Faraday, co-chair of the Ontario Equal Pay Coalition. “It’s time to show us the money. Employers must be held to account and government must make it a real priority to eradicate the barriers to women’s economic equality.”
We call on the government to show us the money to close the gender pay gap by taking three steps:
- Implement a strong pay transparency law to enforce equal pay.
- Introduce fully funded universal, affordable, accessible public child care system for infant and school-aged kids with decent pay for childcare workers.
- Properly fund community agencies so workers delivering public services receive pay equity now.
For more resources and information, please visit:
ATTENTION OMERS MEMBERS!
Protect your OMERS pension plan. It’s time to take ACTION!
OMERS just had another high performing year.
• Investment returns of a net 11.5 per cent – almost double required discount rate of 6.2 per cent and well above the strategic rate.
• 2017 earnings of $9.9 billion were used to both lower next year’s discount rate and increase the plan fund.
• The plan holds more than $95 billion in assets
Yet some at the Sponsors Corporation want to get rid of key benefits like guaranteed indexing. We can’t let that happen.
Let OMERS know we must keep key benefits like guaranteed indexing so we can keep up with cost-of-living increases and live with dignity after we retire.
Send them a message by clicking on the link below.
IMPORTANT PRESS RELEASE RE: OMERS PENSION PLAN
“Good pensions are not just important for retirees,” says Hahn. “Good pensions are critical for the economic health of our communities. They allow our aging population to live with dignity and continue to contribute to their local economy. That’s why these strong returns are good news, and why it’s vital that OMERS stop any consideration of removing the indexing guarantee.”
Historically, OMERS has out-performed most other public sector pension plans. The plan weathered the 2008 financial crisis better than most and is well ahead of target for coming back into balance – all while maintaining guaranteed indexing.
“CUPE’s representatives on the OMERS boards have been working to ensure the interests of plan members are at the forefront of every plan decision,” says Hahn. “We believe strongly that the discussion around removing guaranteed indexing is unnecessary and short sighted. We will continue to do everything we can to make sure it doesn’t happen.”
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For more information, contact: Sarah Jordison, CUPE Communications, 416-578-5638