This year, HOOPP celebrates 65 years of helping healthcare workers build a secure retirement. While a lot has changed since we started, our commitment to delivering value for members remains steadfast. Over the past year, we have taken meaningful steps to grow the Plan and build a stronger financial future for the healthcare community. Here are a few highlights:

• Welcoming new members: HOOPP is now open to physicians – and with SickKids’ employees joining at the end of the year, the Plan will be available at all hospitals across Ontario.

• Stable contribution rates: HOOPP's contribution rates will remain unchanged through 2027. That’s more than 20 years of stability for members and employers.

• Inflation protection: Retired and deferred members received a cost-of-living adjustment (COLA) of 1.83% to help pensions keep up with inflation and help them maintain purchasing power.

• Strong investment results: HOOPP's strong investment performance ensures that members can count on a secure pension, now and in the future.

• Better member experience: We’ve made it easier for you to access your pension information and plan for the future with new and improved digital tools and services.
  
  

Plan Text updates

The following updates to the HOOPP Plan Text have been filed with the Ontario pension regulator and are included in an updated copy of the Plan Text available on hoopp.com:

• The Plan was opened to physicians across the province, effective January 1, 2025.

• HOOPP provided a cost-of-living adjustment of 1.83%, effective April 1, 2025, for retired and deferred members.

• To support Plan administration, minor clarifying amendments were also made, such as to simplify the review of applications for disability benefits.
  
  

Questions?

For more information, please contact our Member Services team.

You may also submit comments about these changes to the Ontario pension regulator at:

Chief Executive Officer, the Financial Services Regulatory Authority of Ontario
25 Sheppard Avenue West, Suite 100
Toronto, ON
M2N 6S6