Online Buyback Estimator Now Available

Sent to: CHRO and Admin. Contacts
Date: July 3, 2008

You can now direct members to HOOPP’s easy-to-use buyback estimator on hoopp.com to quickly get an estimate of how much it will cost to buy back service. Please pass along this information to HOOPP members who have access to the website.

Gone are the days of having to look through charts on the website and in the buyback booklet to get an idea of the cost and value of buying a year or more of past service. Instead, the buyback estimator offers members a more accurate and efficient way of finding out the cost of a buyback, while also showing the value of a buyback in terms of additional lifetime pension benefits over time.

With the rollout of the buyback estimator, you can now get rid of old estimate forms and direct members to use the new estimator tool here. If they decide to proceed with a quote, they can obtain a formal quote by using our new fillable form, the Buyback Quote Information Form – with a bit of help from you in terms of employer confirmation of data.

The buyback estimator is just the latest steps in a series of moves designed to give members more online service options – additional web services for members and employers will be rolled out later in 2008.

If you have any questions about the buyback estimator, just drop us a line at info@hoopp.com.