On January 1, 2019, approximately 5,200 members joined HOOPP as a result of mergers with the following pension plans:

• Providence Healthcare Pension Plan
• St. Joseph’s Health Centre Pension Plan
• The Pension Plan for the Employees of the Sisters of St. Joseph for the Diocese of Toronto in Upper Canada
• The Sisters of St. Joseph Pension Plan for Designated Employees

These mergers were made possible by several years of discussions, strong partnerships between plan sponsors and HOOPP, and a commitment to a common goal – providing retirement security.

Value of a growing membership

Merging existing pension plans into HOOPP increases the size of the Plan and provides greater flexibility to members in their working years. As the HOOPP family grows, all members can benefit from ongoing retirement security.

Receiving a predictable monthly income that starts in retirement and is paid for life is one of the best things about being a HOOPP member. The Plan also has other valuable features, such as portability. With more than 550 employers offering HOOPP, members can continue to build their pension if they move from one HOOPP employer to another when they change jobs.

Delivering on our promise

For more than 50 years, we’ve been delivering on our pension promise to members. It’s our pleasure to move forward into the future with the members and employers that are merging with HOOPP. Our commitment keeps us focused as we invest, pay pensions, and speak out about the importance of retirement security on behalf of our more than 350,000 members.