We are pleased to announce that HOOPP's contribution rates will remain the same until at least the end of 2022. Our Board of Trustees approved this decision based on our strong track record of investment returns – even through today’s challenging economic conditions – low operating costs and the long-term health of the Plan.

HOOPP’s contribution rates have not changed since 2004, allowing us to continue delivering on our pension promise of providing members with a lifetime pension. Keeping our rates 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.

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 on the Plan’s financial status.