Tag: HOOPP
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Register now: HOOPP Fall Pension Seminars
Did you know that HOOPP offers pension education sessions for members? If you’re a HOOPP member, taking the time to better understand your pension now will help you prepare for your future. HOOPP offers both in-person and virtual events where you can learn more about your pension, from understanding the key features of the Plan…
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Union trustee vacancy for Healthcare of Ontario Pension Plan (HOOPP) Board of Trustees
Union trustee vacancy for Healthcare of Ontario Pension Plan (HOOPP) Board of Trustees The Pension Liaison Committee invites you or someone you know to get involved with HOOPP by applying to become an OPSEU/SEFPO appointed trustee on the HOOPP Board of Trustees for a 3 year period. With the challenges facing defined benefit pension plans,…
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Updates in the 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…
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New study finds that having a pension is good for your health!
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…
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Defined Benefit (DB) Pension Plans: Supporting Ontario’s Economy
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…
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“This is why we are retiring in poverty:” Health care workers slam SickKids for choosing not to pay into pension plan for 26th year
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…
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United for a decent pension plan: Staff at SickKids rally for same deal as other Ontario hospital workers
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…
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HOOPP Benefit Improvement
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,…
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Healthcare of Ontario Pension Plan Observer Position
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…
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Great news: HOOPP pension benefit improvement
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…
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HOOPP puts in another strong performance in 2020
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…
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HOOPP pension surpasses 400,000 members
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,…
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Are you a HOOPP pension recipient? Please plan ahead for potential Canada Post service disruption Sept. 26
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…
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HOOPP provides pre/post retirement seminars and defined benefit pension webcast
The Healthcare of Ontario Pension Plan (HOOPP) is offering two seminars to provide information on your HOOPP defined benefit pension plan – pre-retirement information (for members approaching retirement) and post-Retirement Information for members who have already started receiving their HOOPP pension. These seminars are about one hour in length with time allotted afterwards to meet…
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HOOPP pension improvements take effect January 1
Pensions payouts are about to get better for members of the Healthcare of Ontario Pension Plan (HOOPP). Effective January 1, 2018, HOOPP is making changes to the way it calculates pension payouts. All of the changes mean more money in the pockets of HOOPP members. HOOPP is a jointly trusteed pension plan governed by a…
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Be an OPSEU pension trustee!
Three of the jointly-sponsored pension plans that OPSEU members belong to are looking for members to take on the important and fascinating work of being a pension plan trustee. Interested OPSEU members in the Healthcare of Ontario Pension Plan (HOOPP), the Ontario Municipal Employees Retirement System (OMERS), and the OPSEU Pension Trust (OPTrust) are invited…
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HOOPP seeks OPSEU trustee
The OPSEU Pension Liaison Committee invites you or someone you know to get involved with the Healthcare of Ontario Pension Plan (HOOPP) by applying to become a union trustee. We are looking for suitable candidates for an available trustee position. With the challenges facing defined benefit pension plans, we need people who have a firm…
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OPSEU President calls for meeting re: HOOPP loan to company
OPSEU President Warren (Smokey) Thomas has sent the letter below to Jim Keohane, President and CEO of the Healthcare of Ontario Pension Plan. May 3, 2017 Jim Keohane, President and CEO Healthcare of Ontario Pension Plan (HOOPP) 1 York Street, Suite 1900 Toronto, Ontario M5J 0B6 Via email Re: Request for a meeting of HOOPP…
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Registration now open for HOOPP pension seminars
Registration is now open for OPSEU members who are enrolled in the Healthcare of Ontario Pension Plan (HOOPP) pension plan and who wish to learn more about planning for their retirement. Two seminars are being offered: post retirement, for members who have already retired; and pre-retirement, for members who plan to retire between June and…
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HOOPP pensions are 122 per cent funded: report
OPSEU members in the 321,000-member Healthcare of Ontario Pension Plan (HOOPP) will be pleased to know that their retirement savings are doing very well indeed. “The Fund has $1.22 on hand for every $1 we owe in pension benefits to retired and active members,” HOOPP CEO Jim Keohane said today. “We consider our true measure…