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Millwright Regional Council of Ontario Pensioners - A DAY OF PROTEST

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Hilton Toronto/Markham Suites Conference Centre & Spa

8500 Warden Avenue

Markham, ON L6G 1A5

Canada

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The Pension Plan has not increased since 2007 but the cost of living has increased by 25.9%. Protest planned for the annual convention.

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Brothers,

Since pensioners haven’t had an increase in their pensions in over 14 years even though requests have been made at the annual meetings during this period some retirees think it is time for a different approach.

And these are the reasons:

Since 2007 (14 years ago) the cost of living has increased by 25.9% which means our pensions have lost more than a quarter of its buying power.

The return on the investment needed to maintain the pension plan is estimated at 5.9%.   Since 2007 the annual return on investments has been over 8%.

As of October the inflation rate for 2021 was 4.7%. This is an 18 year high.

Millwright pensions continue to fall behind.

This can’t go on!

Even though some of us may not be here because our time is up......we must consider those we leave behind as well.

Many of the members of our generation are the reason we have a pension/welfare plan at all......and what is the reward given to those that are responsible for this “Cadillac Plan” as it’s been called.  It is to be forgotten about and left out in the cold by the trustees who are supposed to be looking after the interests of not just the working members but also to those that have already given.

Shame on them!

On February 26 on the first day of the Annual Convention in Markham Ontario there will be a demonstration/picket/protest line to say enough is enough. If you can attend please do so. If you can not attend see instructions below.

Because we have no way to contact other members and retirees who feel the same way then it must be done by word of mouth and by passing on this email/text so that there will be enough brothers willing to show their support on February 26 to get the attention of the trustees. Nothing else has worked in the past.

So please pass this on. Click green button to register if you can attend. Put your local afiliation after your last name (e.g. Smith 1245)

We need your email address to send you information and to remind you a few days before.

If you are unable to attend, please sign the petition at http://bit.ly/millwrightpension

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Date and time

Location

Hilton Toronto/Markham Suites Conference Centre & Spa

8500 Warden Avenue

Markham, ON L6G 1A5

Canada

View Map

Organizer MRCO Millwright Pensioners

Organizer of Millwright Regional Council of Ontario Pensioners - A DAY OF PROTEST

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