HOOPP

Joining Another HOOPP Employer

Joining Another HOOPP Employer

Are you asking yourself, “What do I do with my pension when changing jobs?” The answer for HOOPP members is easy: you can continue to build benefits in the Plan if you go to work for another HOOPP employer. The option to continue building benefits in your pension at any one of our HOOPP employers is a real advantage.

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. Check our full list of employers to see which hospitals and community health organizations belong to HOOPP.

When you leave your employer, we will be notified of your termination and automatically send you an information package with personalized details about your pension benefits and your available options.

These options will include choosing to leave your benefits in the Plan. This is called choosing a deferred pension.

joining-another-employer

Choosing a deferred pension 

Choosing a deferred pension will allow you to continue to build your pension if you join another HOOPP employer. You will be able to link the periods of HOOPP membership that you earned at your previous HOOPP employer with the service that you will earn at your new job.

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 benefits you previously earned) that will begin at retirement and be paid for the rest of your life.

 

If you have any questions about joining another HOOPP employer, please contact Member Services.

What some of our members have to say about changing HOOPP employers:
managedby-professionals
Teresa Adair
^
HOOPP member
"I have changed employers twice in the last few years and [the employers] being part of HOOPP was one of the key benefits attracting me. I am fortunate to have been able to maintain my membership."
managedby-professionals
Fergus Griffin
^
HOOPP member
"I know that in my own case and in the case of other members I have spoken with, you can take comfort in the flexibility that members are afforded in being able to move to another healthcare institution without interruption to building towards your retirement goals!"
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.