Take your organization further
Take your organization further
Did you know that offering a good workplace pension plan, like the Healthcare of Ontario Pension Plan (HOOPP), can help strengthen your position as an employer of choice? HOOPP is one of the strongest and most reliable Canada-model defined benefit (DB)
pension plans and has been providing secure lifetime pensions to healthcare workers across Ontario since 1960. HOOPP is offered by a wide range of healthcare organizations across the province, including hospitals, family health teams, community health
centres and other healthcare organizations. We’re proud to serve the healthcare community.
504,000+Total members | 870+ | 109% |
HOOPP adds value to your organization
A good workplace pension plan can provide exceptional value to your organization and your employees, and is an easy and efficient way to help them save for retirement. Offering HOOPP can provide them with the peace of mind that comes with knowing
that they will receive a secure monthly pension for the rest of their life. Plus, it can add value to your organization in the following ways:
Enhanced talent attraction and retention
A good workplace pension plan can give you a competitive advantage, differentiating your organization as an employer of choice and positively impacting your talent attraction and retention. Retaining employees can also help prevent the need for
the recruitment and training of new candidates, which can be time consuming and costly.
Greater employee productivity
Offering workplace retirement savings can help your employees feel more secure monetarily, reducing financial stress. This further reduces rates of absenteeism and presenteeism, which improves productivity and strengthens your organization’s overall
performance.
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Here’s what our employers say about being in the Plan:
We’ve got you covered
Being a HOOPP employer means that while you have a role in administration, we manage most of the work so you can focus on your core business. You will be supported by our dedicated service team of experts for Plan administration and have access to education
and support resources. Plus, our Member Services team is here to support your employees every step of the way.
Our in-house experts take care of investment management, plan design, regulatory and compliance reporting, and administration of member benefits. Our team of investment professionals use strategies that help to ensure we can continue to pay pensions now
and in the future.
HOOPP adds value for your employees
No matter what life stage your employee is currently in – HOOPP’s got it covered. Here are some of the advantages of being part of the world class HOOPP Plan:
Members will not outlive their pension. Once they retire, it will be paid for the rest of their life.
HOOPP pensions are reliable. They are based on a formula, not investment returns; members won’t have to make investment decisions or stress about market fluctuations.
The HOOPP Fund is managed by investment professionals. Our experienced investment team manages the Fund on behalf of HOOPP members to provide a secure lifetime pension.
Members decide when to retire. They have control over when to start their pension and they can start receiving it as early as age 55. It’s their choice.
A HOOPP pension is for members to keep. If members leave their HOOPP employer, they can still count on their pension. They can join another of the more than 870 employers offering HOOPP and continue building
their retirement security.
Members get more for their money. With HOOPP, members may have access to survivor benefits and inflation protection, at no additional cost to them.
To learn more about what a HOOPP pension offers, please visit the Plan Features page.
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.
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