At a Glance

HOOPP has a strong history of providing pensions to Ontario's healthcare community. It's one of the biggest and most respected pension plans in the country and is an industry leader among multi-employer plans.

As a defined benefit plan, HOOPP provides eligible members with a retirement income based on a formula that takes into account a member's earnings history and length of service in the Plan. Once eligible members start receiving a pension, they receive it for life. HOOPP's assets are actively managed using a diversified, long-term investment strategy.

HOOPP is governed by a Board of Trustees made up of 16 voting members. Half of the trustees are appointed by the Ontario Hospital Association (OHA), and the other half by four unions – the Ontario Nurses' Association (ONA), the Canadian Union of Public Employees (CUPE), the Ontario Public Service Employees' Union (OPSEU), and the Service Employees International Union (SEIU).

It's important to realize that all HOOPP members – including the approximately 30 per cent who don't belong to any of the four unions – are represented by all 16 trustees. Trustees have a legal obligation to administer the Plan in the best interests of all its participants, regardless of their union or other affiliation.

Membership profile

As of Dec. 31, 2007

* Members who left their benefits in HOOPP after terminating from the Plan and will collect a pension at a later date.