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HOOPP pensions going up April 1st!
HOOPP pensions going up April 1st!

HOOPP pensions going up April 1st!

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    1.5% COLA increase

    The HOOPP Board of Trustees understands the importance of providing inflation protection and is committed to ensuring pensions keep up with rising prices. We’re pleased to announce a cost of living adjustment (COLA) will be granted at a rate of 100% of the change in the consumer price index (CPI) over the previous year. As a result, all pensions and deferred pensions will increase by 1.5% effective April 1, 2017.

    The Board determines annually the amount of inflation protection to provide. This decision is based on prudent management, effective governance and strong investment returns.

    This increase will help ensure that pensions retain their buying power. Learn more about how COLA is determined.

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        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.