Healthcare of Ontario Pension Plan [HOOPP]

By Wendy Lee, Local 575, inSolidarity Committee The Healthcare of Ontario Pension Plan (HOOPP) is one of the strongest defined benefit pension plans in Canada, helping Ontario’s healthcare workers build the foundation for a financially secure retirement since 1960. Serving over 475,000 members and 700 employers, they are committed to providing members with the lifetime...

It’s fascinating how having a pension can positively impact multiple aspects of a person’s well-being! HOOPP commissioned The Behavioural Insights Team (BIT) to conduct a global literature review identifying the health impacts of pensions and an industry-first online study investigating the impact of having a defined benefit (DB) pension on individuals’ financial stress and well-being...

The Healthcare of Ontario Pension Plan (HOOPP), OPTrust, and University Pension Plan (UPP) recently commissioned the Conference Board of Canada to analyze the economic impact of Defined Benefit (DB) pension plan payouts in Ontario. The results are impressive: Defined Benefit pensions not only provide Ontarians with better retirement outcomes but also benefit the entire Canadian...

Health-care workers at SickKids Hospital in Toronto are outraged by their employer’s recent announcement that it will continue its “pension holiday” rather than improve retirement benefits for its staff. Last week, SickKids announced that it will not be paying into the staff pension plan for yet another year – it has only contributed to the...

Staff at SickKids Hospital in Toronto organized a demonstration today, calling on the employer to join the Healthcare of Ontario Pension Plan, HOOPP. The call comes after workers became aware that their current pension will leave them retiring in poverty because the employer failed to contribute to the plan for decades. “This hospital built its reputation...

Your pension is increasing! HOOPP is helping you get even more from your pension As one of Canada’s strongest pension plans, HOOPP is passionate about delivering on their pension promise by providing secure and reliable retirement income to members. That’s why we are pleased to share that, supported by the overall strength of the Plan,...

Workers need pensions! It’s important to understand the types of pensions for organizing, bargaining, and arranging your personal financial health. This post is a quick intro to Defined Benefit and Defined Contribution pension plans from the Pension & Benefits Unit. A pension is a form of retirement plan designed to provide financial support and income...

The Pension Liaison Committee invites you or someone you know to get involved with HOOPP by applying to become an OPSEU/SEFPO Observer on the Board of Trustees. We require your assistance in helping us to find suitable candidates for the position of Observer for a two year period. The successful applicant must be a member...

A message for all OPSEU/SEFPO members who participate in the HOOPP pension plan. HOOPP is helping you build retirement security! HOOPP members belong to one of Canada’s strongest pension plans. HOOPP’s sole mission is to fulfil their pension promise by providing secure and reliable retirement income to members. That’s why we are pleased to share...

Members belonging to the Healthcare of Ontario Pension Plan (HOOPP) will be very pleased to know that their pension plan continued to perform extremely well in 2020. When COVID-19 hit last spring, the markets went into a tailspin but rebounded fairly quickly to give HOOPP a healthy 11.42 per cent return. This compares favourably with...

Toronto –  The Healthcare of Ontario Pension Plan (HOOPP) is proud to announce it has surpassed 400,000 members, helping to deliver retirement security across a diverse membership of healthcare workers. This includes groups who often don’t have access to affordable retirement savings plans, such as part-time workers. “HOOPP is proud to serve the healthcare community,...

The following information affects members of the Healthcare of Ontario Pension Plan (HOOPP) who currently receive pension cheques via the Canadian postal system. Alert from HOOPP: Canada Post Corporation (CPC) and the Canadian Union of Postal Workers (CUPW) are currently in contract negotiations, with the potential for a work stoppage beginning September 26 if a...