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HOOPP

Working for Multiple HOOPP Employers

Working for Multiple HOOPP Employers

Are you working two jobs? If you are working for multiple HOOPP employers, you may have the opportunity to contribute at all your employers and build a bigger pension. You also have the option to opt out, depending on whether you work full-time or part-time.

Building your pension at multiple employers

With over 490 HOOPP employers across Ontario, building your pension has never been more convenient. You are required to join the Plan immediately when you start a full-time job with a HOOPP employer. If you are a part-time or other non-full-time worker, you have the option to enrol at any time.

In general, HOOPP members who work for more than one HOOPP employer enrol and contribute to the Plan at each employer. When you contribute at more than one employer, your total contributions from all employers will be used to calculate your annualized earnings (AE). As a result, you will have a higher AE for pension purposes. Your pension is based on a formula that takes into account your earnings and your contributory service.

Important: If you work at multiple HOOPP employers but are not making contributions at all of them

If you stop working for the employer where you’ve enroled in HOOPP, it is your responsibility to contact your remaining employers to enrol in HOOPP for that employment immediately. A delay in letting your remaining HOOPP employers know that you need to enroll in the Plan will mean you may be responsible to make up missed contributions with interest.

Generally, there are three common work scenarios for HOOPP members:
1

You work part-time for multiple HOOPP employers.

Once you become a member at a HOOPP employer, you must join the Plan at all other HOOPP employers where you work. If you begin working part-time for a new HOOPP employer, you need to let them know right away that you're already a HOOPP member in order to begin making contributions.

3

You work full-time at one HOOPP employer and part-time at another.

If you already work full-time and decide to take an additional part-time job at another HOOPP employer, you must tell your employer where you work part-time that you are already a HOOPP member. Because you are already building full-time pension service, you can choose whether to contribute at your part-time job.

If you prefer not to contribute for your part-time job, you will be asked to complete a Contributions Waiver Form.

NOTE: If your full time employment ends, you will need to start contributing at your part-time job immediately. It is your responsibility to let your employer know to start contributions to HOOPP starting from the date your full-time employment ended. A delay in letting your remaining HOOPP employers know that you need to enroll in HOOPP will mean you may be responsible to make up missed contributions with interest.

3

You work part-time at multiple HOOPP employers then move to full-time at one of them.

If you are contributing to the Plan as a part-time employee at one of your HOOPP employers and you become a full-time employee, you must contribute to HOOPP for your full-time job. This employer will notify HOOPP of your full-time status.  You may then choose whether to contribute for any of your remaining part-time jobs. To stop contributing at your other part-time employers, you will need to tell your employer(s) that you are contributing as a full-time member at another employer.  You will be asked to complete a HOOPP Contributions Waiver Form.

NOTE: If you later leave your full-time employment or if that job becomes part-time, you must immediately tell all your HOOPP employers where you are working part-time about the change and start making contributions to HOOPP at each of your part-time jobs.

Why contribute at both your full-time and part-time employer

If you contribute at a HOOPP employer where you work full-time, you can also contribute at any other HOOPP employers where you work part-time. Your total contributions from all employers will be used to calculate your Annualized Earnings (AE) and you will build pension benefits based on all of your pensionable earnings. If you contribute at all of your employers, HOOPP will use your total contributions to determine your AE for pension purposes, resulting in a higher AE in the year than if you had only contributed for your full-time employment. Learn more about how your pension works.  

For details about how working for multiple HOOPP employers impacts you, please contact Client Services. 

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Leaving a HOOPP employer

If you participate in HOOPP at more than one employer and terminate employment with one of them, you will continue to belong to the Plan as long as you continue to contribute at your other HOOPP employer(s). 

You cannot receive a HOOPP termination or retirement benefit until you have terminated or retired from all your HOOPP employers. However, up until the age of 71, if you return to work after you start receiving your pension, you can choose to stop it, re-enrol in HOOPP and continue making contributions to the Plan. 

Learn more about leaving a HOOPP employer.  

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© 2017 all rights reserved

© 2017 all rights reserved