Moving to Part-Time or Full-Time Employment
Depending on your employment status, you may have questions about your pension and working part-time, changing to full-time status, or how a reduction in hours may affect you. We’re here to help.
Part-time and other non-full-time employees
All part-time and other non-full-time employees are eligible to join the Plan immediately. If you work at a HOOPP employer, you can join the thousands of part-time members already in the Plan and start building your pension. The pension you will receive in retirement is based on a formula that takes into account your earnings and service in the Plan. Your pension payments won’t be affected by market fluctuations.
Moving from full-time to part-time employment
If you switch from working full-time hours to part-time hours at a HOOPP employer, you can continue contributing to the Plan.
Alternatively, you can choose to stop contributing and become an "inactive" member. If you choose to stop making contributions, you will not accrue any contributory service, eligibility service or any further benefits in HOOPP. Please contact HOOPP Member Services for details.
Temporary reduction of full-time hours
If you work full-time but your hours have been reduced, you may be able to “top up” contributions for the temporary period of reduced earnings. If contributions are topped up, service and contributions are based on your pre-reduction earnings. Please contact HOOPP Member Services for details.
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.