- Investment
and Funding
Despite difficult markets, HOOPP achieved an overall return of
6.23 per cent, beating its investment benchmark for the 10th
straight year. While the Fund beat its benchmark by 145 basis
points, it fell short of the nominal long term target by 52 basis
points. HOOPP ended the year 99 per cent funded.
- The Plan
Implementation of HOOPP’s new pension administration system
neared completion in 2007. By year-end, core functionality was
operational – which enabled HOOPP to generate enhanced
member and pensioner statements, and improve service levels by
improving case-processing turnaround times.
- Healthcare Initiative
We worked closely with employers and various industry groups
to ensure members have continued access to HOOPP, even as the
healthcare community evolves.
- Employee Excellence
HOOPP implemented a talent management framework that provides
clear direction for attracting, mentoring, developing, managing,
and retaining the high-performance, knowledge-based employees
we need to succeed in today’s increasingly complex pension
environment.
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