Joining Step-by-Step - A Guide for New Members of HOOPP
You’ll receive a new member booklet
When you enrol with HOOPP, you will be sent a copy of the booklet Your Pension, Your Plan. This information can also be found throughout this website and specifically in the Plan Details section.
Contributions begin
Contributions will be deducted directly from your pay.
In 2007, 2008 and 2009 as a member, you contribute:
- 6.9 per cent of your annualized earnings up to the year's maximum pensionable earnings (YMPE); and
- 9.2 per cent above the YMPE
Your employer calculates your contributions each pay period.
In 2007, 2008 and 2009 employers contribute 126 per cent of what members contribute - so for every dollar you contribute, your employer contributes $1.26.
Stay informed
In addition to this website, HOOPP produces topic-specific booklets and a member newsletter, Pension Update.
If you have an e-mail address, you can sign up to receive the newsletter and other member news by e-mail.
Your annual statement
HOOPP mails each member a personal annual statement, in most cases, by June 30.
Be sure to read your member annual statement package carefully. It’s one of the most important things you’ll ever get from us, besides your pension payment!
If any information on your member annual statement is incorrect, please let us know.
Try our pension calculator
Interested in finding out how much your HOOPP pension will be when you retire?
Check out HOOPP’s pension calculator. It allows you to get an idea of the effect of different retirement dates and earnings on your future HOOPP benefits.
