Expanding access to retirement security for the healthcare community
For more than 60 years, HOOPP has been providing secure pensions to Ontario healthcare workers like you. With more than 460,000 members and 670 participating employers across the province, HOOPP’s membership continues to grow as we take the next step toward providing retirement peace of mind for even more healthcare workers in Ontario.
Physicians play an important role in Ontario’s healthcare sector, and we are pleased to announce that HOOPP is now open to eligible incorporated physicians across the province.
Strength in numbers
As a HOOPP member, you are part of one of Canada’s strongest and most reliable pension plans. At the end of 2023, the Fund’s net assets rose to $112.6 billion, representing an investment return of 9.38%. For every $1 that we owe in pension benefits, we have $1.15 in assets. This is a key indicator of the Plan’s overall health and ability to pay pensions now and in the future.
Expanding access helps ensure you can progress in your career while continuing your membership in the Plan. As a HOOPP member, if you change jobs, you can take your pension with you to any of the more than 670 employers in Ontario that participate in the Plan. Continued growth across the healthcare sector means even more flexibility for you.
Our commitment to you remains steadfast. You can count on exceptional member service and the continued peace of mind that comes with a secure, predictable pension in retirement.
Do you have colleagues who haven’t joined HOOPP yet? Make sure they know that part-time, contract or casual employees working for a HOOPP employer can join the Plan at any time. And now, eligible incorporated physicians in Ontario can also join to experience the benefits and security of a lifetime pension.
Are you an incorporated physician who is interested in joining HOOPP? Visit our page for incorporated physicians to get detailed information about the Plan and how to join.
If you have any questions about HOOPP welcoming incorporated physicians to join the Plan, please reach out to our Member Services team.