What We Do

Ensuring a healthy retirement future for Ontario's healthcare workforce

Since its creation in 1960, the Healthcare of Ontario Pension Plan (HOOPP) has been helping to build the foundation for a financially secure retirement for Ontario’s healthcare workers.

The reason HOOPP has been the leading pension plan provider in the Ontario healthcare community is simple: the Plan is tailored to the healthcare sector and offers its members retirement income for life.

HOOPP provides a Defined Benefit (DB) plan which pays out a set pension amount every month based on a member’s length of service and best 5 consecutive years of earnings.

The purpose that drives HOOPP is that all healthcare workers have a financially secure retirement. HOOPP manages all aspects of the pension provision for healthcare workers, not only administering the pension plan but also investing member and employer contributions to ensure that pensions can be paid now and into the future.

Learn more about the DB Pension, what we do and why it’s important.

Pensioner Carol Lee was able to retire with her husband and says that, with a HOOPP pension, they’re able to meet their month-to-month expenses.

“A HOOPP pension gives me the freedom to actually be retired,” she says.

Our Vision, Mission and Values

Central to our goal of providing a stable and secure pension plan is our commitment to excellence that guides all aspects of our organization. In order to continue to be a leading pension plan provider, we have established a clear vision, mission and values to guide our performance.

Vision

HOOPP's vision is that all healthcare workers enjoy a financially secure retirement. 

In 2010, our 50th year, HOOPP changed the H in HOOPP from Hospitals to Healthcare to reflect our broader mandate. Our name reflects the reality that healthcare is delivered in a variety of settings, both in the hospital and in the community. HOOPP is a valuable option for healthcare-related endeavours. HOOPP is a multi-employer pension plan, and our members hail from all corners of the healthcare community.

Mission

Our mission statement is to deliver on our pension promise. 

This statement shapes how we design and deliver pension benefits and how assets are invested to ensure stability and security for our members.

Values

Our values drive our identity as an organization. They are: