The OHA launched the Healthcare of Ontario Pension Plan (HOOPP) in 1960, and now it is the largest – and by many considered the best – private pension fund in Canada.
Its numerous advantages to OHA members include:
Retirement Income for Life
HOOPP is a defined-benefit plan providing guaranteed pension income. Benefits are based on a formula which takes into account an individual’s service and earnings levels. The formula is not directly linked to financial market performance. Compared with other retirement plans, HOOPP offers one of the highest degrees of retirement income security.
Investment Expertise
HOOPP’s team of world-class investment experts knows the Plan has to be there for the long-term. And that the Plan is not just about investing money. It’s also about keeping a promise to the more than quarter-million people who rely on the Plan – to ensure them a worry-free future.
Flexible Retirement Dates
Retire as early as age 55 with a HOOPP pension, and there’s a bridge benefit payable until age 65 – when government pensions such as the Canada Pension Plan and Old Age Security typically begin.
Inflation Protection
HOOPP provides inflation protection: a cost-of-living adjustment is provided each April to help preserve the purchasing power of a member’s pension dollar.
Portability
HOOPP is offered at more than 330 health care organizations in Ontario. A HOOPP pension can travel seamlessly and without interruption from one HOOPP employer to another.
For more details on this exclusive plan, visit www.hoopp.com