Financial Summary
At the end of 2009, the HOOPP Trust Fund had $31.1 billion in net assets available for benefits, an increase of $4.4 billion over the previous year.
At the end of the year, HOOPP was 102 per cent funded.
HOOPP's Board of Trustees have set 2011 contribution rates at the 2010 level, and provided all pensioners with a cost of living increase equal to 75 per cent of the 2009 increase in the consumer price index.
Actuarial value of net assets vs. actuarial liabilities
(in $ billions, as of Dec. 31, 2009)
| 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | |
|---|---|---|---|---|---|---|---|
| Net assets available for benefits | 31.1 | 26.7 | 30.0 | 27.9 | 24.5 | 21.1 | 18.7 |
| Actuarial asset value adjustment | 1.5 | 3.6 | (1.6) | (2.7) | (1.7) | 0.2 | 1.4 |
| Actuarial value of net assets | 32.6 | 30.3 | 28.4 | 25.2 | 22.9 | 21.3 | 20.1 |
| Accrued liability | 32.0 | 31.2 | 28.7 | 25.8 | 23.7 | 21.9 | 20.1 |
| Surplus/(unfunded liability) | 0.6 | (0.9) | (0.3) | (0.6) | (0.9) | (0.6) | - |
HOOPP Fund performance vs. target
| 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | |
|---|---|---|---|---|---|---|---|
| Rate of return | 15.18% | -11.96% | 6.23% | 12.79% | 14.66% | 11.35% | 14.86% |
| Benchmark | 9.77% | -8.98% | 4.78% | 11.88% | 13.97% | 10.45% | 14.38% |
For full financial details, read HOOPP's Annual Report.
