A portfolio that protects against inflation and provides steady cash flow, by investing in fixed-income assets and real estate
You inspire us everyday
you
inspire us every day
"After long careers in healthcare, my mother and mother-in-law retired with income security thanks to HOOPP. Remembering their hard work inspires me to work every day to deliver on our pension promise to them, and thousands of other healthcare workers."
Jennifer
HOOPP Finance
"My mother spent the last few weeks of her life in the same hospital where my children were born. Nurses care for and show compassion to patients and their families when we are most vulnerable, sharing some of the happiest and saddest moments of our lives. Their compassion inspires me, and I am proud to protect their pensions so that they can retire with dignity."
Nick
HOOPP Investment Management
"It is truly a privilege to have the opportunity to meet and interact with our members on a day-to-day basis. I feel inspired knowing that people who work so hard taking care of us can rest easy knowing they will have a secure and dignified retirement."
Bobby
HOOPP Public Affairs
Total members
000000
238,537
Active members
109,244
Retired members
33,300
Deferred members
We welcomed approximately 10,000 members to the Plan as a result of five healthcare pension plans merging into HOOPP. Mergers increase the size of the Plan and provide greater flexibility to members to build their pension within the healthcare sector.
HOOPP is now offered by 594 employers across Ontario.
158
Small healthcare
141
Hospitals
83
Service providers
79
Family health teams
68
Foundations
65
Community health centres
Investing to pay pensions
Funded status
119%
Net assets
$94.1
billion
Rate of return
17.1%
10-year return: 11.4%
Among the best in the world for pension plans
To ensure that we have enough to pay pensions, today and in the future, we use a liability driven investing (LDI) approach. Investments in the Fund are divided between two portfolios:
A portfolio that provides growth while balancing risk, by investing primarily in public equities, corporate credit and private equity
2019 Highlights
1
Our bond investments protected the Fund from a decline in long-term interest rates.
2
Strong returns in public equities, corporate credit and private equity helped the Fund grow.
3
As part of HOOPP’s five-year strategic plan, we established an infrastructure investment strategy to help contribute to Fund growth. This asset class aims to:
- strengthen portfolio diversification
- generate strong returns while balancing risk in sectors such as utilities, energy, transportation, communications and data
Here’s what the Plan’s strong financial health means for you:
a 2% increase to pensions for retired and deferred members
unchanged contribution rates through the end of 2021
Investing responsibly
Responsible investing continues to be an integral part of how we invest. This means we consider environmental, social and governance (ESG) factors, including sustainability, in our risk-based approach to investing.
Climate change is a key area of focus for us. In 2019, we conducted a climate change assessment in our Real Estate portfolio, and we are expanding this analysis across our other areas of investment.
As the ESG landscape continues to change, we are evolving our approach in a way that delivers value to our members.
Our commitment to sustainability standards in real estate was recognized with two prestigious awards at the IPE (Investment & Pensions Europe) Real Estate Global Awards 2019.
Our commitment to sustainability was recognized with two prestigious awards at the IPE (Investment & Pensions Europe) Real Estate Global Awards 2019.
Keeping security a priority
We continue to enhance our cybersecurity practices and systems. One of our key initiatives was supporting the secure transition of our systems to a cloud environment, giving us greater access to cutting-edge technologies.
We also focused on enhancing our internal training and education program to provide more opportunities for staff to:
- build awareness of cybersecurity risks
- better understand their role in protecting confidential member information
Providing personal service
Providing you with excellent service is as important to us as your pension is to you. With our members’ needs in mind, we continued to enhance:
HOOPP Connect
by making it easier to access your pension information using your mobile device
Our service approach
with a dedicated specialist who has been assigned to you when you have questions
Advocating for retirement security
We held a special event on October 8 where we unveiled the findings of our latest commissioned research. It highlights that Canadians understand the important role that pensions play in providing retirement security.
Our pension advocacy aims to help preserve Canada-model pension plans like HOOPP and broaden access to their most successful features to help make retirement more affordable for everyone. Learn more about HOOPP’s advocacy efforts.
Saying farewell to Jim Keohane
After 21 years at HOOPP, Jim Keohane is leaving his position as President & CEO as of March 31, 2020, to start his retirement.
"I have been inspired by the hard work, commitment and dedication of those who work in Ontario’s healthcare sector. It has been my privilege to lead an organization that is committed to providing a secure retirement pension for those who take care of us. As I begin my retirement, I know that HOOPP is well positioned for the future and has a great team in place to continue to deliver on our pension promise."
Jim Keohane
HOOPP’s Board has appointed Jeff Wendling as HOOPP President & CEO, effective April 1. Learn more about the Board’s decision.
Tell us what you think
Over the years, your feedback has helped us improve our website, social channels, newsletters and other communications.
Take our online survey to tell us what you think of this 2019 Year in Review. You could win your choice of a Google Nest WiFi Router & Point or an iRobot Roomba 675 Vacuum.