What we do
The Healthcare of Ontario Pension Plan (HOOPP) is one of the strongest and most stable defined benefit (DB) pension plans in Canada. Since 1960, HOOPP has been helping Ontario's healthcare workers build the foundation for a financially secure retirement.
We take pride in being the pension plan for Ontario’s healthcare community. HOOPP serves over 435,000 members and is offered at more than 630 employers across the province. We are committed to providing our members with the lifetime pension they
have earned and the peace of mind they deserve.
Our team of in-house investment professionals use long-term and liability-driven strategies to build a diverse portfolio of investments to ensure we can continue to pay pensions now and in the future. At the end of 2022, we had more than $103.7 billion
in assets and our funded status, the most important measure of a pension plan's health, was 117%.
Watch this video to learn about the valuable benefits a HOOPP pension offers.
video and learn about the valuable benefits a HOOPP pension offers.
The Healthcare of Ontario Pension Plan (HOOPP) is a defined benefit (DB) pension plan that has been helping build the foundation for a financially secure retirement for Ontario’s healthcare workers.<strong> </strong></span></p>
<p><span style="font-size:18px;">The reason HOOPP has been the leading defined benefit 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.</span></p>
<p><span style="font-size:18px;">HOOPP members make regular contributions over the length of their career. When they retire, they receive a monthly income based on how much they earned and how many years they contributed. They will not outlive their pension.</span></p>
<p><span style="font-size:18px;">At HOOPP, our driving purpose is to provide healthcare workers with a financially secure retirement. We manage all aspects of the HOOPP pension plan for healthcare workers; we not only administer the Plan but we also invest member and employer contributions into the HOOPP Fund to ensure that pensions can be paid now and into the future .</span></p>
Advocating
for improved retirement security
We recognize that not everyone has the opportunity to join a Plan like HOOPP, so we strongly advocate for better access to workplace pensions and affordable retirement savings arrangements for all Canadians.
Learn more about advocacy at HOOPP >
This document provides a simplified overview of HOOPP's benefits based on the terms of the HOOPP Plan Text at the time of publication. From time to time, HOOPP may amend the HOOPP Plan Text. In cases where the information provided in this document differs from that contained in the HOOPP Plan Text, the HOOPP Plan Text will govern. More details, including the full HOOPP Plan Text and a complete description of the Plan and its benefits, can be found on hoopp.com.
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