You can count on HOOPP to deliver on our pension promise to you. To help our retired and deferred members’ pensions keep up with inflation, we are pleased to announce that HOOPP’s Board of Trustees has approved a 2021 cost of living adjustment (COLA) of 4.8%. The increase is effective April 1, 2022, and equals 100% of the rate of increase in the Consumer Price Index (CPI).

While COLA is not guaranteed each year,* the Board understands the importance of providing this valuable benefit to members.

Deferred members will see the change reflected on their annual statements and they will continue to have the opportunity to benefit from COLA before and after they retire.

To learn more about inflation protection, visit the Plan Features section of hoopp.com.

When will you receive your statement? 

If you are a retired member, your annual pension statement will be available on HOOPP Connect by early March. If you currently receive a paper copy, it will be mailed to you by the end of March.

If you no longer work for a HOOPP employer and deferred your pension, your statement will be available on HOOPP Connect by the end of May. If you currently receive a paper copy, it will be mailed to you by early June. 

Note: While active members do not receive COLA, your statement will be available on HOOPP Connect or, if you currently receive a paper copy, via mail by the end of June.

Not registered yet? To get started, select Sign in at the top right corner of any hoopp.com page and select Register from the drop-down menu. 

*Annual COLA is not guaranteed, except for contributory service before 2006, which receives COLA of at least 75% of the previous year's rate of increase in the CPI, up to a maximum CPI increase of 10%.