At HOOPP we are investing for our future. For the past 55 years, we have been focused on one mission: paying pensions to our members.
We continue to invest in the Plan, in our technology and in our industry-leading initiatives to help provide stability and foster growth in the decades to come.
Our liability driven investing (LDI) approach helps ensure that pensions for every member are backed by assets in the HOOPP Fund. This strategy balances risk with return over the long term. Our LDI portfolio has two main components.
The Liability hedge portfolio is invested in bonds and other fixed income and real estate to protect against inflation and generate steady cash flow.
The Return seeking portfolio is invested in public equities, corporate credit, and private equity to provide growth while balancing risk.
HOOPP has one of the highest returns of any pension plan globally over the last 10 years.
Hear more about our financial results from HOOPP President & CEO Jim Keohane.
Our team of real estate investment professionals is committed to making sure that our properties provide long-term stability for the Plan, and help protect the environment.
A few of our real estate holdings include:
For the second year in a row, HOOPP won the Sustainable Strategy Award at the 2016 IPE (Investments & Pensions Europe) Real Estate Global Conference & Awards. This prestigious international award honours best practices and innovation in real estate.
In 2016, we moved our offices to 1 York Street, a new HOOPP-owned, energy-efficient LEED®-certified platinum building in the south core of the Financial District in downtown Toronto.
Our new location gives us space to grow through the coming years.
The annual return is not necessarily the best metric to focus on…
Hear more about HOOPP's investment strategy from Jim Keohane.
To retire with dignity, seniors in Canada need to be able to rely on a secure income. DB (defined benefit) pensions are the most efficient way to provide this income. We commission research, speak out, and raise awareness about the importance of DB plans.
Our latest study, conducted by the University of Toronto, shows that many seniors are negatively impacted by the rising costs of long-term care, home care, and other out-of-pocket healthcare expenses.
It found that:
Media coverage helps us educate the public about the benefit of DB plans. There were more than 8,300 media mentions about HOOPP in 2016, including articles in:
Through regular meetings, HOOPP keeps in close touch with provincial and national decision-makers so we can bring our expertise and perspective to the table when pensions are discussed.
In November, HOOPP President & CEO Jim Keohane and other pension plan leaders met with Prime Minister Justin Trudeau and Finance Minister Bill Morneau.
If you can change people's opinions at a grassroots level, that's where you can be effective.
Learn more about our DB advocacy efforts from Jim Keohane.
What can you do to help protect DB plans, like HOOPP, for future generations of workers?
Sign up today to be a DB Ambassador.
We now have
DB Ambassadors. They help us spread the word that DB plans are the best way to provide a secure and reliable retirement income for Canadians.
DB Ambassadors receive regular information about how DB plans:
reduce poverty and the need for government support among seniors
inject billions of dollars into the Canadian economy annually
rely on professionals to make difficult investment decisions
Become a DB Ambassador to learn more about the benefits of DB pensions.
We redesigned hoopp.com, one of our largest communication channels.
Now our website:
is more accessible to users, even on mobile devices
is easier to navigate
has improved content so members can better understand their pension
About 10,000 members are now participating in the pre-launch of our new online services and pension administration system. A small group of employers, on behalf of all of them, are also taking part.
With the full launch in 2018, there will be a dramatically enhanced online experience for members on HOOPP Connect and on our secure site for HOOPP employers.
Stay tuned for more exciting details!
We provide our members with clear information in-person, over the phone, and online so they can make informed decisions about their pensions.
In 2016, we had more than 250,000 interactions with members and employers.
more than
member and employer
phone calls were answered
members attended HOOPP
information sessions
members visited our office
for walk-in meetings
We use different channels to communicate with members so we can provide the information they need, when they need it.
Our numbers show that in 2016:
In 2016, there were:
new members who joined the Plan
retired members who began receiving their HOOPP pension
members who purchased past service
retired members over the age of 100
We've updated our logo and our brand colours! This refreshed look helps make all our communication, in print and online, more accessible and easier to read.
In 2016, we added a new direct deposit service for retired members who live outside of Canada. It's more convenient and secure, and it means no more waiting for mailed cheques.
We did a number of things to position the organization well for success in the future.
Learn more from Jim Keohane about how HOOPP is planning for the future.
HOOPP is the largest private trust fund in Canada, operating on a not-for-profit basis and governed by a Board of Trustees appointed by the:
Ontario Hospital Association (OHA)
Canadian Union of Public Employees (CUPE)
Ontario Nurses' Association (ONA)
Ontario Public Service Employees Union (OPSEU)
Service Employees International Union (SEIU)
First Row (Seated Left to Right):
Linda Haslam-Stroud, James Sanders, Anthony Dale, Jon Clark
Second Row (Standing Left to Right):
Marlene Puffer, Terry McCarthy, Yves Shank, Louis Rodrigues, Adrian Foster, Dr. Kevin Smith, Helen Fetterly, Bryce Walker, R. Wayne Gladstone, Dan Anderson, Bonnie Adamson, Jim Flett, Marie Kelly
Each trustee has a fiduciary duty to act in the best interests of all Plan members. Our Board is responsible for all decisions related to Plan funding, investment and design.
In 2016 the Board took steps to:
keep costs low: HOOPP's operating costs were just
provide inflation
protection: with a
of net assets
cost of living adjustment (COLA) for pensions
hold contribution rates steady: our rates have been in place since 2004 and will remain unchanged until at least the end of 2018
We hope you enjoyed our 2016 Year in Review!
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