Plan Changes 2009

Change to shortened life expectancy provision: Effective August 2009

HOOPP changed its shortened life expectancy provision in 2009. The change means that active members who face a shortened life expectancy can now qualify to receive a payout of their HOOPP benefits in cash (less withholding tax) without having to terminate employment. They will still have to terminate their membership in HOOPP to receive the funds. Members in this situation are advised to contact HOOPP directly.

March 2010