Learn about HOOPP’s 2018 Plan performance from our
President & CEO Jim Keohane.
You asked. We answered.
Our members asked us how HOOPP is preparing for the future. President & CEO Jim Keohane answered their questions.
How does HOOPP prepare for markets that are constantly going up and down?
How does HOOPP help people who are worried about retirement?
When HOOPP makes Plan improvements, are they shared with retired members?
How does HOOPP ensure my pension will be around in 25 years?
How is HOOPP preparing for baby boomers who are retiring?
What is HOOPP doing to engage with younger members?
Liability Driven Investing (LDI)
Our LDI approach considers both Plan liabilities and investment assets to ensure that we continue to have enough money to pay our members’ pensions. This strategy balances risk and return over the long term.
Investments are divided between two portfolios:
The liability hedge portfolio invests in bonds, real estate, and fixed income to generate cash flow and protect against inflation.
The return-seeking portfolio invests in public equities, corporate credit, and private equity to generate growth while balancing risk.
HOOPP’s Board of Trustees
Half of our 16 trustees are appointed by the Ontario Hospital Association (OHA).
Four unions appoint two trustees each. They are the:
Ontario Nurses’ Association (ONA)
Canadian Union of Public Employees (CUPE)
Ontario Public Services Employees Union (OPSEU)
Service Employees International Union (SEIU)
There can be two non-voting pension observers on the Board, one representing retired members appointed by the OHA and the other appointed by the unions.