The Healthcare of Ontario Pension Plan (HOOPP) is one of Canada’s strongest and most successful defined benefit (DB) pension plans. For 65 years, HOOPP has been providing members with the peace of mind that comes with a secure, lifetime income in
retirement. Members of the Plan include nurses, eligible physicians, medical technicians, food services and housekeeping staff, and so many others who provide important healthcare services across Ontario.
At HOOPP, we put you first. You are a member, not a customer – and we aren’t driven by profits or private interests. HOOPP is guided by one mission: delivering on our pension promise to members.
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.
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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