Our pension plan is profiting off the disaster in for-profit long-term care–but together we can change that.
The pension plan of many PSAC members and other public service workers is managed by the Public Sector Pension Investment Board (PSP Investments); a Crown corporation. PSP Investments wholly owns the for-profit long-term care company Revera.
Revera has become notorious for its poor quality of care and shockingly high rates of illness and death. Throughout the pandemic, horrific stories of seniors’ neglect and abuse have emerged from behind their closed doors.
We can’t allow our pension plan to cost us our loved ones. It’s time we demand our pension plan be invested in more ethical options and Revera be put in public hands. Add your name to the open letter calling on PSP Investments to do the right thing.
Unfortunately, the problems with for-profit long-term care won’t be solved by a vaccine. These problems are at the core of the private system and will continue to harm vulnerable seniors long after the pandemic comes to an end.
It is unacceptable for our pensions to profit off a company with such a notorious reputation. PSAC members didn’t have a say in how their pension fund was invested–but if we act as one, we can put pressure on PSP Investments to move our pensions away from for-profit care.
Help us stop our pension plans from contributing to a company that puts profits over people. Add your name to the open letter and demand Revera be put in public hands and our pension fund invested elsewhere.