A pension designed for healthcare workers
Founded in 1960 by the Ontario Hospital Association, the Healthcare of Ontario Pension Plan (HOOPP) is one of Canada’s strongest defined benefit pension plans, serving more than 500,000 members and 850 employers across Ontario. Fully funded for
more than 16 consecutive years, HOOPP manages $123 billion in net assets and has maintained stable contribution rates for over 20 years, delivering secure lifetime pensions to more than 134,000 retirees and paying approximately $3 billion annually
in benefits.
Backed by strong governance, consistent long-term returns, and a 2030 strategy focused on member value, portfolio resilience and sector growth, HOOPP is building a stronger financial future for the healthcare community.
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Explore HOOPP
Plan features
Discover some of the valuable features and benefits that the Plan offers such as portability, early retirement, buying back etc.
How your pension works
Understand your pension, including how your pension is calculated, contributions and other benefits of being a member of the Plan.
The HOOPP Handbook
Looking for more details? The HOOPP Handbook has everything you need to know about your pension.
HOOPP employers
HOOPP is offered by over 700 employers across Ontario. Check out our full employer list.
Are you new to HOOPP?
If you’ve recently joined HOOPP, welcome! Learn more about the Plan and what it offers by following a few easy steps to help you get to know your pension.
Welcome to the Plan
What does being a member mean for you?
You will not outlive your pension.
It will be paid for the rest of your life.
Your pension is reliable.
It’s based on a formula, not stock market returns, so you won’t have to make investment decisions or worry about market fluctuations.
The HOOPP Fund is managed by investment professionals.
Our experienced investment team manages the fund on behalf of HOOPP members to provide a secure lifetime pension.
You decide when to retire.
You have control over when you start your pension and can start receiving it as early as age 55. The choice is yours.
Your pension is yours to keep.
If you leave your HOOPP employer, you are still a member of the Plan, so you can keep your pension with HOOPP. You can join one of the more than 700 employers across Ontario that offer HOOPP and keep building your pension. Even if you don’t, your
pension stays secure in the Plan.
You get more for your money.
With HOOPP, you may have access to other valuable benefits and features, including early retirement benefits, disability benefits, survivor benefits and inflation protection, at no additional cost to you.
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Read the latest version of the
HOOPP Plan Text for a comprehensive understanding of the Plan and how it is administered and governed for members.
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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