Skip To Main Content
HOOPP

Benefits of being a HOOPP member

Benefits of being a HOOPP member

Benefits of being a HOOPP member

The Plan Plan Features

Knowing that you will receive a predictable, secure monthly income from HOOPP may be a cornerstone of your overall financial planning and saving for retirement.

The HOOPP pension formula is based on your earnings and years of service, and your benefit is not impacted by market fluctuations. That means before you retire you will already have a good sense of what your benefit will be and, once you retire, your monthly benefit will be the same for the rest of your life.

Here are some of the key features and benefits that the Plan offers:

Pension portability

If you choose to move to another HOOPP employer, your pension can come with you.

Learn more

Inflation protection

When you retire, your pension may receive cost of living increases.

Learn more

Survivor benefits

Help protect your loved ones whether you pass away before or after retirement.

Learn more

Buyback options

If you take time off work and stopped contributing to the Plan, purchasing past service can increase the overall value of your pension.

Learn more

Early retirement

With a HOOPP pension, you can retire as early as 55 and may be eligible to receive an additional bridge benefit until the age of 65.

Learn more

Disability benefits

If you are unable to work because of an injury, or physical/mental illness, you may be eligible to receive disability benefits.

Learn more

Are you new to HOOPP?

Learn more about what you need to know as a HOOPP member and all the benefits your pension provides.

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.