HOOPP pensions increasing by 2%
A great reason to smile on April 1
We’re very pleased to let you know that your pension increased.
HOOPP’s Board of Trustees approved a cost of living adjustment (COLA) equal to 100% of the change in the consumer price index (CPI) over the previous year. As a result, pensions for all retired and deferred members, as well as those paid to surviving spouses and beneficiaries, will increase by 2%. The increase takes effect on pension payments as of April 1, 2019.
The Board has had a strong history of providing COLA to Plan members over the years. Though not all of these increases are guaranteed, we are proud to grant this valuable benefit to help protect your pension against rising prices.
To learn more about how COLA is determined, please visit
inflation protection.
/members/member-news
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HOOPP pensions increasing by 2%
Retired
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.
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