While retirement means different things to different people, it’s a time of change for everyone.

There are several things to consider when planning for retirement. Remember, we’re here to answer your questions and provide information to help you make informed decisions.

Choosing a retirement date

One of the biggest decisions you may ever make is when to retire. Understanding how different retirement dates impact your pension is an important step in determining your retirement date.

Preparing for retirement

Initiating your retirement is as simple as letting your employer know that you’re ready. 

What to expect

Your employer will notify us on your behalf, we’ll take care of the rest!

We will assign you a personal Retirement Specialist who will be there with you every step of the way to ensure you transition smoothly into retirement. Your Retirement Specialist will:

• Contact you to explain your pension and answer your questions.
• Mail you a retirement package that includes key forms and estimates of your pension amounts for the different payment options available to you.
• Help you complete the forms and guide you throughout the entire process.

You will be required to provide a copy of a proof-of-age document for you and your spouse, if you have one. This may be a birth certificate, valid Canadian passport or driver’s licence. You’ll also need to provide HOOPP with a void cheque or a direct deposit form from your bank.

Helpful tips

• Before you retire, please use HOOPP Connect to confirm that we have your current personal information such as your home address, email, phone numbers, and spousal and beneficiary designations.
• Use My Inbox to view your personalized retirement package, submit required documents and communicate with us.
• If you also have pension benefits with non-HOOPP employers and would like to begin collecting them at the same time, you’ll also want to notify those employers.

Plan features provide added benefits

In addition to a DB pension from HOOPP – as a member, other valuable features are available to help provide you and your loved ones with security and peace of mind throughout your working years and into retirement. Plan features include: