Contribution rates to remain unchanged
Keeping the Plan affordable as we deliver on our pension promise
We are pleased to announce that the Plan’s contribution rates will remain the same until at least the end of 2021. Our Board of Trustees approved this decision based on our strong track record of investment returns and the long-term health of the Plan.
What does this announcement mean for our members?
HOOPP’s contribution rates have not changed since 2004. Keeping them stable helps keep the Plan affordable for members and employers, and that helps us provide more Ontario healthcare workers with a secure pension in retirement.
What are contribution rates?
Members and employers make contributions to the HOOPP Fund, which are invested to help pay pensions. Members contribute every payday, based on how much they earn and the Plan’s contribution rates. These rates are set by our Board and can be adjusted periodically based the Plan’s financial status.
Learn more about contribution rates.
/members/member-news
92a515f2-e19e-443e-acdb-fe59213f35c3
Contribution rates to remain unchanged
All
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.
What can we help you find?