Becoming a HOOPP Employer
HOOPP is a defined benefit plan. That means HOOPP promises to pay retiring members a benefit, defined by a prescribed formula, for the rest of their lives.
The benefits a member receives from HOOPP are based on a formula that takes into account the member's earnings history and service in the Plan.
Both members and employers make contributions to the Plan, the member’s age and years of eligibility service at retirement also come into play when benefits are calculated.
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