Power of Inflation Protection
The chart below shows how HOOPP's partial inflation protection feature can help protect your spending power over time.
It shows how HOOPP cost of living adjustments (COLA), applied over the past 11 years, have protected the power of a pension dollar.
Here's an example: Mary retired in February 1998, receiving a pension of $1,000 per month.
As the chart shows, even in periods of relatively low inflation, Mary's monthly pension would be $218 less had it not received HOOPP COLA.
| Date of increase | HOOPP COLA | Previous year's CPI* increase | Mary's monthly HOOPP pension |
|---|---|---|---|
| April 2010 | 0.99% | 1.32% | $1,218.03 |
| April 2009 | 0.87% | 1.16% | $1,206.09 |
| April 2008 | 1.79% | 2.38% | $1,195.69 |
| April 2007 | 1.23% | 1.64% | $1,174.66 |
| April 2006 | 1.61% | 2.15% | $1,160.39 |
| April 2005 | 1.59% | 2.12% | $1,142.00 |
| April 2004 | 1.5% | 2.0% | $1,124.13 |
| April 2003 | 2.9% | 3.86% | $1,107.52 |
| April 2002 | 0.7% | 0.7% | $1,076.31 |
| April 2001 | 3.23% | 3.23% | $1,068.83 |
| April 2000 | 2.58% | 2.58% | $1,035.39 |
| April 1999 | 1.02% | 1.02% | $1,009.35 ** |
* CPI = consumer price index
** Because Mary retired in February 1998, she gets 11/12ths of the COLA increase for that year, applied to her pension in April 1999.