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Text
THANK YOU - HOOPP
All reported figures in this document are as at Dec. 31, 2020, unless otherwise noted. 10-year annualized return 11.16% 6 HOOPP Plan performance We entered 2020 in a robust position and continued toperform
THE HOOPP HANDBOOK
CONTENTS WELCOME TO YOUR PENSION PLAN 2 About HOOPP 3 Advantages of being a HOOPP member SECTION ONE GETTING TO KNOW THE HOOPP PLAN 5 Who can join HOOPP? How much you and your employer contribute 6 If you work part-time 7 Watch your pension grow SECTION TWOHOOPP
HOOPP
LIST OF HOOPP EMPLOYERS HOOPP is offered by more than 610 participating employers across the province, including hospitals, family health teams, community health centres, and other healthcare organizations. As you can see from our list of HOOPP employers, they range in size from hospitals with as many as 10,000 HOOPP members to family health teams with fewer than a LEAVING YOUR HOOPP EMPLOYER CONTENTS 3 What are your options? 4 Keep your pension with HOOPP (defer your pension) 5 Transfer to a different defined benefit pension plan 6 Transfer to a locked-in retirement account or a defined contribution pension plan 8 The benefit of keeping your pension with HOOPP — example 10 Other important considerations: What if you have a small pension? What if you are receiving free accrual? ARE YOUR BENEFICIARIES UP TO DATE? YOU CAN EASILY CHECK ONLINESEE MOREON HOOPP.COM
RETIREMENT PLANNING
Whether you choose to begin your HOOPP pension at age 55 or 71, or at any age in between, we are here to help you through the planningprocess.
HOOPP CONNECT
You have successfully signed out. Sign back in here HOOPP IS IMPROVING PENSION BENEFITS It was an unprecedented year that thrust healthcare workers to the frontlines in the fight against COVID-19. In recognition of the incredibly challenging environment, and supported by the strong performance of our Plan, HOOPP’s Board of Trustees has approved a pension benefit increase for active members.. Effective Apr. 1, 2021, members who were active in the Plan as of that date will HOOPP'S 2020 HIGHLIGHTS To help our retired and deferred members’ pensions keep up with inflation, we provided a cost-of-living adjustment that increased their pensions by 2.25% (which became effective April 1, 2020). During the year, our membership and the number of employers that offer the Plan increased. Total number of members: 398,324.THANK YOU - HOOPP
All reported figures in this document are as at Dec. 31, 2020, unless otherwise noted. 10-year annualized return 11.16% 6 HOOPP Plan performance We entered 2020 in a robust position and continued toperform
THE HOOPP HANDBOOK
CONTENTS WELCOME TO YOUR PENSION PLAN 2 About HOOPP 3 Advantages of being a HOOPP member SECTION ONE GETTING TO KNOW THE HOOPP PLAN 5 Who can join HOOPP? How much you and your employer contribute 6 If you work part-time 7 Watch your pension grow SECTION TWOHOOPP
HOOPP
LIST OF HOOPP EMPLOYERS HOOPP is offered by more than 610 participating employers across the province, including hospitals, family health teams, community health centres, and other healthcare organizations. As you can see from our list of HOOPP employers, they range in size from hospitals with as many as 10,000 HOOPP members to family health teams with fewer than a LEAVING YOUR HOOPP EMPLOYER CONTENTS 3 What are your options? 4 Keep your pension with HOOPP (defer your pension) 5 Transfer to a different defined benefit pension plan 6 Transfer to a locked-in retirement account or a defined contribution pension plan 8 The benefit of keeping your pension with HOOPP — example 10 Other important considerations: What if you have a small pension? What if you are receiving free accrual? ARE YOUR BENEFICIARIES UP TO DATE? YOU CAN EASILY CHECK ONLINESEE MOREON HOOPP.COM
RETIREMENT PLANNING
Whether you choose to begin your HOOPP pension at age 55 or 71, or at any age in between, we are here to help you through the planningprocess.
HOOPP CONNECT
You have successfully signed out. Sign back in here HEALTHCARE OF ONTARIO PENSION PLAN (HOOPP) 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 MEMBERSHIP IN HOOPP AND HOOPP CONNECT As a HOOPP member, getting connected to your pension offers many benefits. Your first step is to register with HOOPP Connect, your one-stop online pension resource. With HOOPP Connect you can: Explore different retirement scenarios using various ages, dates, and salaries. Access your pension details and documents – online and allin one place.
LIST OF HOOPP EMPLOYERS HOOPP is offered by more than 610 participating employers across the province, including hospitals, family health teams, community health centres, and other healthcare organizations. As you can see from our list of HOOPP employers, they range in size from hospitals with as many as 10,000 HOOPP members to family health teams with fewer than a HOOPP-OWNED DEVONSHIRE MALL HOME TO NEW MASS VACCINATION SITE Supporting part-time employees. Supporting part-time employees Overview ; Part-time order form EN; FR HOOPP DELIVERS ON ITS PENSION PROMISE USING CUTTING EDGE Supporting part-time employees. Supporting part-time employees Overview ; Part-time order form EN; FR YOUR OPTIONS FOR EARLY RETIREMENT And with HOOPP’s early retirement options, your next chapter may be just around the corner. If you choose to retire before age 65, you will receive a monthly bridge benefit in addition to your HOOPP retirement pension. The bridge benefit is temporary; it is paid until you reach age 65. You can retire as early as age 55, usually with a IMPORTANT INFORMATION ABOUT TAX SLIPS FROM HOOPP Starting in 2020, HOOPP will be sending all tax slips to members by mail. Members who had previously indicated a preference to receive tax slips electronically will also receive a physical copy. We are making this change because pension-related tax slips are very important documents and we don’t want members to miss them.NEWSROOM DETAILS
Supporting part-time employees. Supporting part-time employees Overview ; Part-time order form EN; FR PLANNING FOR RETIREMENT: THINGS TO CONSIDER ABOUT YOUR CPP Supporting part-time employees. Supporting part-time employees Overview ; Part-time order form EN; FR CONTRIBUTION RATES TO REMAIN UNCHANGED Keeping the Plan affordable as we deliver on our pension promise. We are pleased to announce that the Plan’s contribution rates will remain the same until at least the end of 2021. Our Board of Trustees approved this decision based on our strong track record of investment returns and the long-term health of the Plan. HOOPP'S 2020 HIGHLIGHTS As HOOPP marked its 60th anniversary in 2020, delivering on our pension promise to members felt more vital than ever. Through an exceptionally challenging year, we remained committed to providing you with the pension you have earned and the peace of mind you deserve. HOOPP IS IMPROVING PENSION BENEFITS It was an unprecedented year that thrust healthcare workers to the frontlines in the fight against COVID-19. In recognition of the incredibly challenging environment, and supported by the strong performance of our Plan, HOOPP’s Board of Trustees has approved a pension benefit increase for active members.. Effective Apr. 1, 2021, members who were active in the Plan as of that date will LIST OF HOOPP EMPLOYERS 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 aTHE HOOPP HANDBOOK
CONTENTS WELCOME TO YOUR PENSION PLAN 2 About HOOPP 3 Advantages of being a HOOPP member SECTION ONE GETTING TO KNOW THE HOOPP PLAN 5 Who can join HOOPP? How much you and your employer contribute 6 If you work part-time 7 Watch your pension grow SECTION TWOHOOPP
HOOPP
YOUR OPTIONS FOR EARLY RETIREMENT 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 ARE YOUR BENEFICIARIES UP TO DATE? YOU CAN EASILY CHECK ONLINESEE MOREON HOOPP.COM
RETIREMENT PLANNING
Whether you choose to begin your HOOPP pension at age 55 or 71, or at any age in between, we are here to help you through the planningprocess.
LEAVING YOUR HOOPP EMPLOYER CONTENTS 3 What are your options? 4 Keep your pension with HOOPP (defer your pension) 5 Transfer to a different defined benefit pension plan 6 Transfer to a locked-in retirement account or a defined contribution pension plan 8 The benefit of keeping your pension with HOOPP — example 10 Other important considerations: What if you have a small pension? What if you are receiving free accrual?HOOPP CONNECT
You have successfully signed out. Sign back in here HOOPP'S 2020 HIGHLIGHTS As HOOPP marked its 60th anniversary in 2020, delivering on our pension promise to members felt more vital than ever. Through an exceptionally challenging year, we remained committed to providing you with the pension you have earned and the peace of mind you deserve. HOOPP IS IMPROVING PENSION BENEFITS It was an unprecedented year that thrust healthcare workers to the frontlines in the fight against COVID-19. In recognition of the incredibly challenging environment, and supported by the strong performance of our Plan, HOOPP’s Board of Trustees has approved a pension benefit increase for active members.. Effective Apr. 1, 2021, members who were active in the Plan as of that date will LIST OF HOOPP EMPLOYERS 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 aTHE HOOPP HANDBOOK
CONTENTS WELCOME TO YOUR PENSION PLAN 2 About HOOPP 3 Advantages of being a HOOPP member SECTION ONE GETTING TO KNOW THE HOOPP PLAN 5 Who can join HOOPP? How much you and your employer contribute 6 If you work part-time 7 Watch your pension grow SECTION TWOHOOPP
HOOPP
YOUR OPTIONS FOR EARLY RETIREMENT 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 ARE YOUR BENEFICIARIES UP TO DATE? YOU CAN EASILY CHECK ONLINESEE MOREON HOOPP.COM
RETIREMENT PLANNING
Whether you choose to begin your HOOPP pension at age 55 or 71, or at any age in between, we are here to help you through the planningprocess.
LEAVING YOUR HOOPP EMPLOYER CONTENTS 3 What are your options? 4 Keep your pension with HOOPP (defer your pension) 5 Transfer to a different defined benefit pension plan 6 Transfer to a locked-in retirement account or a defined contribution pension plan 8 The benefit of keeping your pension with HOOPP — example 10 Other important considerations: What if you have a small pension? What if you are receiving free accrual?HOOPP CONNECT
You have successfully signed out. Sign back in here HEALTHCARE OF ONTARIO PENSION PLAN (HOOPP) 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 HOOPP IS IMPROVING PENSION BENEFITS It was an unprecedented year that thrust healthcare workers to the frontlines in the fight against COVID-19. In recognition of the incredibly challenging environment, and supported by the strong performance of our Plan, HOOPP’s Board of Trustees has approved a pension benefit increase for active members.. Effective Apr. 1, 2021, members who were active in the Plan as of that date will LIST OF HOOPP EMPLOYERS 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 HOOPP-OWNED DEVONSHIRE MALL HOME TO NEW MASS VACCINATION SITE Supporting part-time employees. Supporting part-time employees Overview ; Part-time order form EN; FR INFLATION PROTECTION 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 aNEWSROOM DETAILS
Supporting part-time employees. Supporting part-time employees Overview ; Part-time order form EN; FR IMPORTANT INFORMATION ABOUT TAX SLIPS FROM HOOPP 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 10TH ANNUAL LEAP AWARDS: RECOGNIZING SUSTAINABILITY AND 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 PLANNING FOR RETIREMENT: THINGS TO CONSIDER ABOUT YOUR CPP Supporting part-time employees. Supporting part-time employees Overview ; Part-time order form EN; FR “WE’RE BUILDING COMMUNITIES, GROWING CITIES AND DRIVING 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 HOOPP IS IMPROVING PENSION BENEFITS It was an unprecedented year that thrust healthcare workers to the frontlines in the fight against COVID-19. In recognition of the incredibly challenging environment, and supported by the strong performance of our Plan, HOOPP’s Board of Trustees has approved a pension benefit increase for active members.. Effective Apr. 1, 2021, members who were active in the Plan as of that date will HOOPP'S 2020 HIGHLIGHTS To help our retired and deferred members’ pensions keep up with inflation, we provided a cost-of-living adjustment that increased their pensions by 2.25% (which became effective April 1, 2020). During the year, our membership and the number of employers that offer the Plan increased. Total number of members: 398,324.HOOPP
HOOPP
LIST OF HOOPP EMPLOYERS HOOPP is offered by more than 610 participating employers across the province, including hospitals, family health teams, community health centres, and other healthcare organizations. As you can see from our list of HOOPP employers, they range in size from hospitals with as many as 10,000 HOOPP members to family health teams with fewer than aTHE HOOPP HANDBOOK
CONTENTS WELCOME TO YOUR PENSION PLAN 2 About HOOPP 3 Advantages of being a HOOPP member SECTION ONE GETTING TO KNOW THE HOOPP PLAN 5 Who can join HOOPP? How much you and your employer contribute 6 If you work part-time 7 Watch your pension grow SECTION TWO YOUR OPTIONS FOR EARLY RETIREMENT And with HOOPP’s early retirement options, your next chapter may be just around the corner. If you choose to retire before age 65, you will receive a monthly bridge benefit in addition to your HOOPP retirement pension. The bridge benefit is temporary; it is paid until you reach age 65. You can retire as early as age 55, usually with a ARE YOUR BENEFICIARIES UP TO DATE? YOU CAN EASILY CHECK ONLINESEE MOREON HOOPP.COM
LEAVING YOUR HOOPP EMPLOYER CONTENTS 3 What are your options? 4 Keep your pension with HOOPP (defer your pension) 5 Transfer to a different defined benefit pension plan 6 Transfer to a locked-in retirement account or a defined contribution pension plan 8 The benefit of keeping your pension with HOOPP — example 10 Other important considerations: What if you have a small pension? What if you are receiving free accrual?RETIREMENT PLANNING
Whether you choose to begin your HOOPP pension at age 55 or 71, or at any age in between, we are here to help you through the planningprocess.
HOOPP CONNECT
You have successfully signed out. Sign back in here HOOPP IS IMPROVING PENSION BENEFITS It was an unprecedented year that thrust healthcare workers to the frontlines in the fight against COVID-19. In recognition of the incredibly challenging environment, and supported by the strong performance of our Plan, HOOPP’s Board of Trustees has approved a pension benefit increase for active members.. Effective Apr. 1, 2021, members who were active in the Plan as of that date will HOOPP'S 2020 HIGHLIGHTS To help our retired and deferred members’ pensions keep up with inflation, we provided a cost-of-living adjustment that increased their pensions by 2.25% (which became effective April 1, 2020). During the year, our membership and the number of employers that offer the Plan increased. Total number of members: 398,324.HOOPP
HOOPP
LIST OF HOOPP EMPLOYERS HOOPP is offered by more than 610 participating employers across the province, including hospitals, family health teams, community health centres, and other healthcare organizations. As you can see from our list of HOOPP employers, they range in size from hospitals with as many as 10,000 HOOPP members to family health teams with fewer than aTHE HOOPP HANDBOOK
CONTENTS WELCOME TO YOUR PENSION PLAN 2 About HOOPP 3 Advantages of being a HOOPP member SECTION ONE GETTING TO KNOW THE HOOPP PLAN 5 Who can join HOOPP? How much you and your employer contribute 6 If you work part-time 7 Watch your pension grow SECTION TWO YOUR OPTIONS FOR EARLY RETIREMENT And with HOOPP’s early retirement options, your next chapter may be just around the corner. If you choose to retire before age 65, you will receive a monthly bridge benefit in addition to your HOOPP retirement pension. The bridge benefit is temporary; it is paid until you reach age 65. You can retire as early as age 55, usually with a ARE YOUR BENEFICIARIES UP TO DATE? YOU CAN EASILY CHECK ONLINESEE MOREON HOOPP.COM
LEAVING YOUR HOOPP EMPLOYER CONTENTS 3 What are your options? 4 Keep your pension with HOOPP (defer your pension) 5 Transfer to a different defined benefit pension plan 6 Transfer to a locked-in retirement account or a defined contribution pension plan 8 The benefit of keeping your pension with HOOPP — example 10 Other important considerations: What if you have a small pension? What if you are receiving free accrual?RETIREMENT PLANNING
Whether you choose to begin your HOOPP pension at age 55 or 71, or at any age in between, we are here to help you through the planningprocess.
HOOPP CONNECT
You have successfully signed out. Sign back in here HEALTHCARE OF ONTARIO PENSION PLAN (HOOPP) 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 HOOPP-OWNED DEVONSHIRE MALL HOME TO NEW MASS VACCINATION SITE Supporting part-time employees. Supporting part-time employees Overview ; Part-time order form EN; FR LIST OF HOOPP EMPLOYERS HOOPP is offered by more than 610 participating employers across the province, including hospitals, family health teams, community health centres, and other healthcare organizations. As you can see from our list of HOOPP employers, they range in size from hospitals with as many as 10,000 HOOPP members to family health teams with fewer than aNEWSROOM DETAILS
Supporting part-time employees. Supporting part-time employees Overview ; Part-time order form EN; FR PLANNING FOR RETIREMENT: THINGS TO CONSIDER ABOUT YOUR CPP Supporting part-time employees. Supporting part-time employees Overview ; Part-time order form EN; FR 10TH ANNUAL LEAP AWARDS: RECOGNIZING SUSTAINABILITY AND 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 IMPORTANT INFORMATION ABOUT TAX SLIPS FROM HOOPP Starting in 2020, HOOPP will be sending all tax slips to members by mail. Members who had previously indicated a preference to receive tax slips electronically will also receive a physical copy. We are making this change because pension-related tax slips are very important documents and we don’t want members to miss them. 2021 PENSION PAYMENT SCHEDULE Monthly payments you can rely on. HOOPP pensions are paid on the first day of each month. If the first day falls on a weekend or holiday, the pension is paid on the last business day of the previous month. Due to tax reasons, the payment for January is ANNOUNCING OUR NEW PRESIDENT & CEO To All HOOPP Members: On behalf of the Board of Trustees of the Healthcare of Ontario Pension Plan (HOOPP), we are pleased to announce the appointment of Jeff Wendling as the new President and Chief Executive Officer (CEO), effective April 1, 2020. He replaces Jim Keohane, who announced his retirement last year, and has served as CEOsince 2012.
INFLATION PROTECTION As a result, all pensions and deferred pensions will increase by 1.87% as of April 1, 2018. Pension payments that started part way through last year will receive a prorated COLA increase. For example, a pension payment that began on July 1 will receive half of the annual COLA increase. The Board understands the importance of providinginflation
HOOPP IS IMPROVING PENSION BENEFITS It was an unprecedented year that thrust healthcare workers to the frontlines in the fight against COVID-19. In recognition of the incredibly challenging environment, and supported by the strong performance of our Plan, HOOPP’s Board of Trustees has approved a pension benefit increase for active members.. Effective Apr. 1, 2021, members who were active in the Plan as of that date will HOOPP'S 2020 HIGHLIGHTS To help our retired and deferred members’ pensions keep up with inflation, we provided a cost-of-living adjustment that increased their pensions by 2.25% (which became effective April 1, 2020). During the year, our membership and the number of employers that offer the Plan increased. Total number of members: 398,324.HOOPP
HOOPP
LIST OF HOOPP EMPLOYERS HOOPP is offered by more than 610 participating employers across the province, including hospitals, family health teams, community health centres, and other healthcare organizations. As you can see from our list of HOOPP employers, they range in size from hospitals with as many as 10,000 HOOPP members to family health teams with fewer than aTHE HOOPP HANDBOOK
CONTENTS WELCOME TO YOUR PENSION PLAN 2 About HOOPP 3 Advantages of being a HOOPP member SECTION ONE GETTING TO KNOW THE HOOPP PLAN 5 Who can join HOOPP? How much you and your employer contribute 6 If you work part-time 7 Watch your pension grow SECTION TWO YOUR OPTIONS FOR EARLY RETIREMENT And with HOOPP’s early retirement options, your next chapter may be just around the corner. If you choose to retire before age 65, you will receive a monthly bridge benefit in addition to your HOOPP retirement pension. The bridge benefit is temporary; it is paid until you reach age 65. You can retire as early as age 55, usually with a ARE YOUR BENEFICIARIES UP TO DATE? YOU CAN EASILY CHECK ONLINESEE MOREON HOOPP.COM
LEAVING YOUR HOOPP EMPLOYER CONTENTS 3 What are your options? 4 Keep your pension with HOOPP (defer your pension) 5 Transfer to a different defined benefit pension plan 6 Transfer to a locked-in retirement account or a defined contribution pension plan 8 The benefit of keeping your pension with HOOPP — example 10 Other important considerations: What if you have a small pension? What if you are receiving free accrual?RETIREMENT PLANNING
Whether you choose to begin your HOOPP pension at age 55 or 71, or at any age in between, we are here to help you through the planningprocess.
HOOPP CONNECT
You have successfully signed out. Sign back in here HOOPP IS IMPROVING PENSION BENEFITS It was an unprecedented year that thrust healthcare workers to the frontlines in the fight against COVID-19. In recognition of the incredibly challenging environment, and supported by the strong performance of our Plan, HOOPP’s Board of Trustees has approved a pension benefit increase for active members.. Effective Apr. 1, 2021, members who were active in the Plan as of that date will HOOPP'S 2020 HIGHLIGHTS To help our retired and deferred members’ pensions keep up with inflation, we provided a cost-of-living adjustment that increased their pensions by 2.25% (which became effective April 1, 2020). During the year, our membership and the number of employers that offer the Plan increased. Total number of members: 398,324.HOOPP
HOOPP
LIST OF HOOPP EMPLOYERS HOOPP is offered by more than 610 participating employers across the province, including hospitals, family health teams, community health centres, and other healthcare organizations. As you can see from our list of HOOPP employers, they range in size from hospitals with as many as 10,000 HOOPP members to family health teams with fewer than aTHE HOOPP HANDBOOK
CONTENTS WELCOME TO YOUR PENSION PLAN 2 About HOOPP 3 Advantages of being a HOOPP member SECTION ONE GETTING TO KNOW THE HOOPP PLAN 5 Who can join HOOPP? How much you and your employer contribute 6 If you work part-time 7 Watch your pension grow SECTION TWO YOUR OPTIONS FOR EARLY RETIREMENT And with HOOPP’s early retirement options, your next chapter may be just around the corner. If you choose to retire before age 65, you will receive a monthly bridge benefit in addition to your HOOPP retirement pension. The bridge benefit is temporary; it is paid until you reach age 65. You can retire as early as age 55, usually with a ARE YOUR BENEFICIARIES UP TO DATE? YOU CAN EASILY CHECK ONLINESEE MOREON HOOPP.COM
LEAVING YOUR HOOPP EMPLOYER CONTENTS 3 What are your options? 4 Keep your pension with HOOPP (defer your pension) 5 Transfer to a different defined benefit pension plan 6 Transfer to a locked-in retirement account or a defined contribution pension plan 8 The benefit of keeping your pension with HOOPP — example 10 Other important considerations: What if you have a small pension? What if you are receiving free accrual?RETIREMENT PLANNING
Whether you choose to begin your HOOPP pension at age 55 or 71, or at any age in between, we are here to help you through the planningprocess.
HOOPP CONNECT
You have successfully signed out. Sign back in here HEALTHCARE OF ONTARIO PENSION PLAN (HOOPP) 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 HOOPP-OWNED DEVONSHIRE MALL HOME TO NEW MASS VACCINATION SITE Supporting part-time employees. Supporting part-time employees Overview ; Part-time order form EN; FR LIST OF HOOPP EMPLOYERS HOOPP is offered by more than 610 participating employers across the province, including hospitals, family health teams, community health centres, and other healthcare organizations. As you can see from our list of HOOPP employers, they range in size from hospitals with as many as 10,000 HOOPP members to family health teams with fewer than aNEWSROOM DETAILS
Supporting part-time employees. Supporting part-time employees Overview ; Part-time order form EN; FR PLANNING FOR RETIREMENT: THINGS TO CONSIDER ABOUT YOUR CPP Supporting part-time employees. Supporting part-time employees Overview ; Part-time order form EN; FR 10TH ANNUAL LEAP AWARDS: RECOGNIZING SUSTAINABILITY AND 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 IMPORTANT INFORMATION ABOUT TAX SLIPS FROM HOOPP Starting in 2020, HOOPP will be sending all tax slips to members by mail. Members who had previously indicated a preference to receive tax slips electronically will also receive a physical copy. We are making this change because pension-related tax slips are very important documents and we don’t want members to miss them. 2021 PENSION PAYMENT SCHEDULE Monthly payments you can rely on. HOOPP pensions are paid on the first day of each month. If the first day falls on a weekend or holiday, the pension is paid on the last business day of the previous month. Due to tax reasons, the payment for January is ANNOUNCING OUR NEW PRESIDENT & CEO To All HOOPP Members: On behalf of the Board of Trustees of the Healthcare of Ontario Pension Plan (HOOPP), we are pleased to announce the appointment of Jeff Wendling as the new President and Chief Executive Officer (CEO), effective April 1, 2020. He replaces Jim Keohane, who announced his retirement last year, and has served as CEOsince 2012.
INFLATION PROTECTION As a result, all pensions and deferred pensions will increase by 1.87% as of April 1, 2018. Pension payments that started part way through last year will receive a prorated COLA increase. For example, a pension payment that began on July 1 will receive half of the annual COLA increase. The Board understands the importance of providinginflation
HOOPP IS IMPROVING PENSION BENEFITS It was an unprecedented year that thrust healthcare workers to the frontlines in the fight against COVID-19. In recognition of the incredibly challenging environment, and supported by the strong performance of our Plan, HOOPP’s Board of Trustees has approved a pension benefit increase for active members.. Effective Apr. 1, 2021, members who were active in the Plan as of that date will HOOPP'S 2020 HIGHLIGHTS To help our retired and deferred members’ pensions keep up with inflation, we provided a cost-of-living adjustment that increased their pensions by 2.25% (which became effective April 1, 2020). During the year, our membership and the number of employers that offer the Plan increased. Total number of members: 398,324.HOOPP
HOOPP
THE HOOPP HANDBOOK
CONTENTS WELCOME TO YOUR PENSION PLAN 2 About HOOPP 3 Advantages of being a HOOPP member SECTION ONE GETTING TO KNOW THE HOOPP PLAN 5 Who can join HOOPP? How much you and your employer contribute 6 If you work part-time 7 Watch your pension grow SECTION TWO CANADIAN PENSION CEOS CALL FOR SUSTAINABLE AND INCLUSIVE 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 2021 PENSION PAYMENT SCHEDULE Monthly payments you can rely on. HOOPP pensions are paid on the first day of each month. If the first day falls on a weekend or holiday, the pension is paid on the last business day of the previous month. Due to tax reasons, the payment for January is YOUR OPTIONS FOR EARLY RETIREMENT And with HOOPP’s early retirement options, your next chapter may be just around the corner. If you choose to retire before age 65, you will receive a monthly bridge benefit in addition to your HOOPP retirement pension. The bridge benefit is temporary; it is paid until you reach age 65. You can retire as early as age 55, usually with a LEAVING YOUR HOOPP EMPLOYER CONTENTS 3 What are your options? 4 Keep your pension with HOOPP (defer your pension) 5 Transfer to a different defined benefit pension plan 6 Transfer to a locked-in retirement account or a defined contribution pension plan 8 The benefit of keeping your pension with HOOPP — example 10 Other important considerations: What if you have a small pension? What if you are receiving free accrual?RETIREMENT PLANNING
Whether you choose to begin your HOOPP pension at age 55 or 71, or at any age in between, we are here to help you through the planningprocess.
HOOPP CONNECT
You have successfully signed out. Sign back in here HOOPP IS IMPROVING PENSION BENEFITS It was an unprecedented year that thrust healthcare workers to the frontlines in the fight against COVID-19. In recognition of the incredibly challenging environment, and supported by the strong performance of our Plan, HOOPP’s Board of Trustees has approved a pension benefit increase for active members.. Effective Apr. 1, 2021, members who were active in the Plan as of that date will HOOPP'S 2020 HIGHLIGHTS To help our retired and deferred members’ pensions keep up with inflation, we provided a cost-of-living adjustment that increased their pensions by 2.25% (which became effective April 1, 2020). During the year, our membership and the number of employers that offer the Plan increased. Total number of members: 398,324.HOOPP
HOOPP
THE HOOPP HANDBOOK
CONTENTS WELCOME TO YOUR PENSION PLAN 2 About HOOPP 3 Advantages of being a HOOPP member SECTION ONE GETTING TO KNOW THE HOOPP PLAN 5 Who can join HOOPP? How much you and your employer contribute 6 If you work part-time 7 Watch your pension grow SECTION TWO CANADIAN PENSION CEOS CALL FOR SUSTAINABLE AND INCLUSIVE 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 2021 PENSION PAYMENT SCHEDULE Monthly payments you can rely on. HOOPP pensions are paid on the first day of each month. If the first day falls on a weekend or holiday, the pension is paid on the last business day of the previous month. Due to tax reasons, the payment for January is YOUR OPTIONS FOR EARLY RETIREMENT And with HOOPP’s early retirement options, your next chapter may be just around the corner. If you choose to retire before age 65, you will receive a monthly bridge benefit in addition to your HOOPP retirement pension. The bridge benefit is temporary; it is paid until you reach age 65. You can retire as early as age 55, usually with a LEAVING YOUR HOOPP EMPLOYER CONTENTS 3 What are your options? 4 Keep your pension with HOOPP (defer your pension) 5 Transfer to a different defined benefit pension plan 6 Transfer to a locked-in retirement account or a defined contribution pension plan 8 The benefit of keeping your pension with HOOPP — example 10 Other important considerations: What if you have a small pension? What if you are receiving free accrual?RETIREMENT PLANNING
Whether you choose to begin your HOOPP pension at age 55 or 71, or at any age in between, we are here to help you through the planningprocess.
HOOPP CONNECT
You have successfully signed out. Sign back in here HOOPP-OWNED DEVONSHIRE MALL HOME TO NEW MASS VACCINATION SITE Supporting part-time employees. Supporting part-time employees Overview ; Part-time order form EN; FR HOOPP POSTS 11.42% RETURN IN 2020, SURPASSES $100 BILLION TORONTO (March 31, 2021) – The Healthcare of Ontario Pension Plan (HOOPP) announced today that it generated an 11.42% rate of return in 2020. In addition, it surpassed the $100 billion asset milestone, closing the year at $104.0 billion in net assets, up from $94.1 billion at the end of 2019. PLANNING FOR RETIREMENT: THINGS TO CONSIDER ABOUT YOUR CPP Supporting part-time employees. Supporting part-time employees Overview ; Part-time order form EN; FR YOUR OPTIONS FOR EARLY RETIREMENT And with HOOPP’s early retirement options, your next chapter may be just around the corner. If you choose to retire before age 65, you will receive a monthly bridge benefit in addition to your HOOPP retirement pension. The bridge benefit is temporary; it is paid until you reach age 65. You can retire as early as age 55, usually with aNEWSROOM DETAILS
Supporting part-time employees. Supporting part-time employees Overview ; Part-time order form EN; FR 10TH ANNUAL LEAP AWARDS: RECOGNIZING SUSTAINABILITY AND 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 IMPORTANT INFORMATION ABOUT TAX SLIPS FROM HOOPP Starting in 2020, HOOPP will be sending all tax slips to members by mail. Members who had previously indicated a preference to receive tax slips electronically will also receive a physical copy. We are making this change because pension-related tax slips are very important documents and we don’t want members to miss them. CANADIAN PENSION CEOS CALL FOR SUSTAINABLE AND INCLUSIVE Today, the CEOs of Canada’s eight leading pension plan investment managers, representing approximately $1.6 trillion in assets under management, are joining forces to help shape a future defined by more sustainable and inclusive economic growth. ADVANCING THE CONVERSATION ABOUT RETIREMENT SECURITY As one of Canada’s leading pension plans, HOOPP is interested in advancing the conversation about achieving retirement security for more Canadians. At the beginning of 2020, Ivana Zanardo, our VP of Plan Operations, participated in a roundtable hosted by Your Workplace magazine. She and other pension experts discussed how employers in all SPOUSAL AND BENEFICIARY DESIGNATION FORM Page 2 of 4 Form . You should not designate your spouse as a beneficiary. unless he/she has waived their rights to spousal benefits. For more information about spousal waivers, please visithoopp.com.
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A PLAN FOR YOU
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Supporting part-time employees IMPORTANT SERVICE UPDATE: During this challenging time, we request that you do not send us documents by mail. Members can upload documents by using the Secure Messages feature on HOOPP Connect . Employers should continue to communicate with us through existingchannels.
Third-party representatives of members can send us documents by fax at 416-369-0225 or send us a message through our general mailbox. HOOPP strongly recommends that you avoid sharing confidential documents or information through our general mailbox as it's not a secure method of communication. By using this inbox, you accept the risks of sending sensitive information through this channel.Read more
related service updates, information and frequently asked questionsregarding COVID-19.
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CELEBRATING PRIDE AT HOOPP…ALL YEAR LONG HOOPP proudly supports the LGBTQ2S+ community through a range ofinitiatives
HOOPP IS IMPROVING PENSION BENEFITS Helping you get even more from your HOOPP pension THE BENEFITS OF KEEPING YOUR PENSION WITH HOOPP Choosing peace of mind over uncertainty TAKING YOUR COMMUTED VALUE (CV)? SEE RECENT CHANGES TO CV CALCULATIONS Keeping your pension strong and sustainableNEWSROOM
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HOOPP POSTS 11.42% RETURN IN 2020, SURPASSES $100 BILLION IN ASSETS Strong results allow for benefit improvement for active members RETIREMENT SECURITY FOR HEALTHCARE HEROES Pension plan for Ontario healthcare workers now 400,000 members strongDISCOVER HOOPP
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HOOPP's webcasts can help you get to know your pension and all it offers, while giving you the information and tools you need to make good decisions for your future.RESEARCH
Check out HOOPP’s latest research on DB pensions, retirementsecurity and more.
HOOPP CONNECT
Your secure member site is easy to use and offers quick access to the information you need, when you need it.MEMBER WEBCASTS
HOOPP's webcasts can help you get to know your pension and all it offers, while giving you the information and tools you need to make good decisions for your future.RESEARCH
Check out HOOPP’s latest research on DB pensions, retirementsecurity and more.
Previous Slide Next Slide * "HOOPP is allowing me and my family to focus on our lives without financial fear of the future. I am comfortable and content to let the good people at HOOPP do what they do best." Dave Eagan, HOOPP member*
"I blinked, and suddenly I was 51. In this current fiscal climate, I know I am truly blessed to have a defined benefit plan like HOOPP. Bring on the painting, the photography, the gardening, hiking anddinner parties!"
Janet Valcourt, HOOPP member*
"Being a member of HOOPP is an effortless aspect of my life that makes me feel very responsible. When people ask why I’m not worried about retirement and I tell them it’s taken care of, they think I must be a financial guru. Nope, I’m just a HOOPP member!" Beth Charron, HOOPP member Slide 0 details. Slide 1 details. Current Slide Slide 2 details. 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 onHOOPP.COM.
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