Benefits of being a HOOPP member
Benefits of being a HOOPP member
Benefits of being a HOOPP member
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:
What our members are saying
We take great pride in providing more than 460,000 members with a pension plan that offers a secure retirement income and peace of mind. Here’s what a few of our members think about their pension:
“Being a member of HOOPP is an effortless aspect of my life that makes me feel very responsible. When people ask why I’m not worried about retirement and I tell them it’s taken care of, they think I must be a financial guru. Nope. I’m just a HOOPP member!”
Beth Charron HOOPP member
“Everyone says that you need to live in the moment. What I’ve learned is that you also need to think about yourself in 20 years, When looking for employment, try your best to find an employer that also offers HOOPP to ensure you can continue to build your pension."
Alfred Lam HOOPP member
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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