The Healthcare of Ontario Pension Plan (HOOPP) is a defined benefit pension plan. We provide a stable and reliable income to our retired members that starts in retirement and is paid for life. Our mission is to deliver on our pension promise to our more than 321,000 healthcare workers in Ontario.

Our members know the value of a pension with HOOPP — they know they can count on us to be a key part of their life in retirement.

As a defined benefit or DB plan, your HOOPP pension is based on a formula. Members make regular contributions over the length of their career and when they retire, they receive a defined benefit: a monthly income based on how much they earned and how many years they contributed to the Plan. Once members begin receiving their benefits they receive it for life — they will not outlive their pension.

Our in-house team of investment professionals use a Liability Driven Investing (LDI) approach, pioneered by HOOPP, to help keep the Plan fully funded.

Currently, we are fully funded at 122%, meaning for every $1 we owe in pension payments, we have $1.22 in the HOOPP Fund. That means we have more than enough assets to meet our pension obligations today and in the future. Learn more about HOOPP’s investment approach.