HOOPP is pleased to announce that our contribution rates will remain unchanged until at least the end of 2018. The Board of Trustees has approved the decision, emphasizing their confidence in our governance and management model, as well as the sustainability of the Plan.
Other plans have increased their rates during difficult economic times, but HOOPP has maintained the same contribution rates for our members and employers since 2004, largely due to our strong track record of returns and our fully funded status. We take pride in serving you and ensuring your pension is strong as we continue to deliver on the pension promise.
To learn more about the connection between HOOPP’s funded status and contribution rates, check out the 2015 Year in Review.