Who Runs HOOPP?
HOOPP is governed by a Board of Trustees made up of 16 voting members. Eight trustees are appointed by the Ontario Hospital Association (OHA) and four unions each appoint two trustees. The unions are:
- the Ontario Nurses' Association (ONA)
- the Canadian Union of Public Employees (CUPE)
- the Ontario Public Service Employees' Union (OPSEU)
- the Service Employees International Union (SEIU)
There can be two non-voting pensioner observers on the Board.
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.
Representatives from the OHA and the unions signed the Agreement & Declaration of Trust, the November 1993 document that established HOOPP's existing governance structure.
The Board is responsible for all aspects of the Plan and the multi-billion dollar HOOPP Trust Fund. It:
- approves contribution and benefit payment levels
- establishes investment policy
- monitors investment performance
- makes any Plan changes and benefit improvements
HOOPP's President & CEO, reports directly to the Board.
The Board of Trustees is assisted in fulfilling its duties by four committees that receive information from HOOPP management and make recommendations to the Board. The four committees are Plan, Investment, Governance, and Audit & Finance.
See who sits on our Board of Trustees and on our Executive Team.