Anita Balakrishnan
The Revera Westside Long Term Care Home is pictured in Toronto on Monday, Dec. 7, 2020. A union that represents 140,000 pension plan members says that for-profit long-term care homes run by Revera Inc. should no longer be wholly owned by the Crown corporation managing public servants pensions. THE CANADIAN PRESS/Nathan Denette December 09, 2020 - 2:29 PM
TORONTO - A public sector union is reiterating a call for its pension investment manager to divest its ownership in Revera Inc. over the company s safety record during the COVID-19 pandemic, saying the fund should pull out of the business of long-term care altogether.
The Public Service Alliance of Canada, which represents 140,000 public sector pension plan members, first said in May that for-profit long-term care homes run by Revera should no longer be wholly owned by Public Sector Pension Investment, the Crown corporation managing public servants pensions. Instead, the union s