|
Where appropriate, HOOPP
represents the interests of its membership through various advocacy
efforts. Through these efforts, HOOPP seeks to:
- better
serve Plan members and pensioners (and, when appropriate, other stakeholders)
- play
a role in the development of public policy affecting the Plan
- bring
to light areas where pension, investment or other reform is needed
During 2007, HOOPP delivered
its submission to Ontario’s Expert Commission on Pensions.
The mandate of the commission is to look at the viability, security
and sustainability of pensions in Ontario, specifically including
defined benefit plans.
In its submission, HOOPP
focused on three key issues:
- Portability – The submission
asserts that members need the ability to protect the value of their
pension when moving from one employer, or pension plan, to another.
- Solvency
funding rules – The submission
argues that the existing solvency funding rules, as they apply
to multi-employer pension plans (MEPPs) like HOOPP, are excessive
and onerous.
- Rules
governing MEPPs – The submission
points out that existing pension legislation is designed
for single-employer pension plans and, as such, does not
adequately meet the unique roles and needs of MEPP plan administrators,
participating employers and members.
|