HOOPP is pleased to announce that pensions are going up effective April 1, 2018.  As a result of the Plan’s funded status, the HOOPP Board of Trustees has approved a cost of living adjustment (COLA) to be granted at a rate of 100% of the change in the consumer price index (CPI) over the previous year. The first pension payment including the increase, will be deposited on March 29. 

The increase will be applied to all pensions for retired and deferred members, as well as pensions that are paid to surviving spouses and beneficiaries. This increase ensures that all pensions are protected and retain their buying power.

Important!
Pension payments that started part way through last year, will receive a prorated COLA increase. For example, a pension payment that began on July 1 will receive half of the annual COLA increase.

To learn more about this valuable benefit, please visit inflation protection.