- Joins HOOPP at age 23
- Earns $25 hourly
- Works 15 hours/week
- Contributes $52 every two weeks in 2026
Audrey is just starting her career in health care, so her earnings are expected to increase over time. In the figures below, we’ve modelled that her future salary increase will be 3% each year.
Audrey retires at age 65. She receives a monthly pension of $3,245 for the rest of her life, which can grow with any inflation protection that HOOPP may provide in the future.
TOTAL HOOPP CONTRIBUTIONS
| TOTAL PENSION RECEIVED IN 15 YEARS |
|---|
$110,400
| $673,400
|
In just 15 years of retirement, Audrey has received significantly more money from her HOOPP pension than she contributed over the span of 42 years.
The best part? Her pension continues to be paid for the rest of her life.
- Joins HOOPP at age 36
- Earns $45 hourly
- Works 30 hours/week
- Contributes $196 every two weeks in 2026
As Nisha’s rate of pay goes up, she’ll contribute more and her pension will grow as a result. For this example, her wages are estimated to increase by 3% each year.
Nisha retires at age 65. She receives a monthly pension of $5,765 for the rest of her life, which can grow with any inflation protection that HOOPP may provide in the future.
TOTAL HOOPP CONTRIBUTIONS
| TOTAL PENSION RECEIVED IN 15 YEARS |
|---|
$230,000
| $1,196,400
|
In just 15 years of retirement, Nisha has received significantly more money from her HOOPP pension than she contributed over the span of 29 years.
The best part? Her pension continues to be paid for the rest of her life.
- Joins HOOPP at age 44
- Earns $38 hourly
- Works 34 hours/week
- Contributes $178 every two weeks in 2026
For this example, Eduardo is estimated to receive a wage increase of 3% each year, which will be reflected in his contributions and pension.
Eduardo retires at age 65. He receives a monthly pension of $3,005 for the rest of his life, which can grow with any inflation protection that HOOPP may provide in the future.
TOTAL HOOPP CONTRIBUTIONS
|
TOTAL PENSION RECEIVED IN 15 YEARS |
$132,900
|
$623,600
|
In just 15 years of retirement, Eduardo has received significantly more money from his HOOPP pension than he contributed over the span of 21 years.
The best part? His pension continues to be paid for the rest of his life.
- Joins HOOPP at age 52
- Earns $35 hourly
- Works 20 hours/week
- Contributes $97 every two weeks in 2026
Lori’s already at the top of her salary band for her current role. In this example, we’ve modelled her earnings to increase by 2% each year, which means her contributions and pension grow as well.
Lori retires at age 65. She receives a monthly pension of $720 for the rest of her life, which can grow with any inflation protection that HOOPP may provide in the future.
TOTAL HOOPP CONTRIBUTIONS
|
TOTAL PENSION RECEIVED IN 15 YEARS |
$36,900
|
$149,400
|
Although Lori joins later in her career, any amount of time contributing to the Plan positively increases her retirement security. In just 15 years of retirement, she has received significantly more money from her HOOPP pension than she contributed over the span of 13 years.
The best part? Her pension continues to be paid for the rest of her life.