Our mission at HOOPP is to meet our pension promise to our members, while ensuring the Plan remains affordable to our members and their employers, now and into the future.
To meet our promise, HOOPP’s pension investments are managed by an in-house team of investment professionals employing a Liability Driven Investing (LDI) approach. The Plan’s liabilities are the members’ future retirement benefits.
Learn more about HOOPP’s 2019 investment performance in our Year in Review.
The LDI approach is a risk management philosophy that considers both the Plan’s liabilities and investment assets together, and focuses on ensuring that we continue to have enough money to pay our members’ pensions.
The table below shows investment performance for 2019 and 2018 as well as the 10-year and 20-year performance of the Fund:
| |
2019 |
2018 |
10-Year |
20-Year |
| Total Return |
17.14% |
2.17% |
11.38% |
8.55% |
Our ability to meet this promise is measured by the funded status of the Plan. The funded status compares the Fund’s assets to the value of benefits promised to our members. Investment returns play an essential part in meeting the pension promise, as roughly 75% of pension benefits paid come from investment gains.
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.