HOOPP Pension Portability
HOOPP Pension Portability
Few people stay with one employer for their entire working life. You may work for a number of HOOPP employers in the healthcare field as you build your career.
One of the advantages of being a HOOPP member is that your pension is portable. If you leave your job and go to work for another HOOPP employer, immediately or in the future, your pension can come with you!
There are more than 500 hospitals, family health teams, community health centres and other healthcare organizations in the Plan.
HOOPP members deliver healthcare across Ontario, from Kenora in the west to Cornwall in the east, and from Windsor in the south to Moosonee in the north. Check out the full list of HOOPP employers.
Buying back service
If you can't transfer your pension funds under MOPPs Portability Agreement, you may qualify to buy back service in HOOPP for the time you belonged to another registered pension plan. Learn more about Buying Back Service.
Reciprocal agreements
The Major Ontario Pension Plans (MOPPs) Portability Agreement covers HOOPP and 13 other pension plans, meaning that benefits can be transferred to or from any of the pension plans listed in the table below.
Plans covered under MOPPs Portability Agreement
- Electrical Safety Authority Pension Plan
- Hydro One Pension Plan
- Independent Electricity System Operator (IESO) Pension Plan
- Ontario Municipal Employees' Retirement System (OMERS)
- Ontario Power Generation (OPG) Pension Plan
- Ontario Public Service Employees' Union Pension Plan (OPTrust)
- Ontario Teachers’ Pension Plan
- Providence Centre Pension Plan
- Public Service Pension Plan (Ontario Pension Board)
- St. Michael's Hospital Pension Plan
- St. Joseph's Health Centre Pension Plan - Ontario
- Workplace Safety & Insurance Board Employees' Pension Plan
HOOPP has separate reciprocal transfer agreements with:
- Hospital for Sick Children Employee Pension Plan
- Pension Plan for the Employees of the Ontario Public Service Employees Union (OPSEU)
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.