If you leave a HOOPP employer, deferring your pension means you can choose to leave your benefits in the Plan to collect later as a pension once you reach retirement age.
This option also allows you to continue building your pension if you join another HOOPP employer. You can link the periods of HOOPP membership that you earned at your previous HOOPP employer with the service that you will earn by contributing to HOOPP at your new job.
Finding a HOOPP employer isn’t difficult. Most Ontario public hospitals and various community health organizations participate in the Plan. If you’re thinking about moving from one HOOPP employer to another, HOOPP can help you learn more. View our list of HOOPP employers to see which hospitals and community health organizations belong to the Plan.
If you don’t return to work for a HOOPP employer, you will build no further benefits in the Plan. But you will still be eligible to receive a pension, based on the previously earned benefits that will begin at retirement and last the rest of your life.