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.