HOOPP is here for you.

2024 has been quite a year! With all the unpredictable twists and turns, one thing remains certain: your HOOPP pension. Whether you’re starting out in your career, already retired or somewhere in between, HOOPP helps provide peace of mind, so you can focus on what matters most today.

From all of us here at HOOPP, thank you for everything you do.

These are just some of the ways HOOPP is here for you

Even when inflation pushed prices higher at the grocery store and the gas pump, HOOPP contribution rates did not increase. You’re paying the same for your pension today as you would have 20 years ago. Plus, rates will remain stable until at least the end of 2026.

Supported by the overall strength of the Plan, HOOPP has had the opportunity to periodically increase lifetime pensions for eligible active members. That means active members get even more from their HOOPP pension!

To help our retired and deferred members’ pensions keep up with inflation, HOOPP’s Board of Trustees has approved a 2023 cost of living adjustment (COLA) of 3.40%. The increase is effective April 1, 2024, and equals 100% of the rate of increase in the Consumer Price Index (CPI).

For every dollar owed in pensions, HOOPP has $1.15 in assets. This is one of the most important indicators of the Plan’s overall health and ability to pay pensions, today and in the future.

As a HOOPP member, you’re part of one of the strongest and most stable defined benefit (DB) pension plans in Canada.

Although none of us know what tomorrow will bring, HOOPP offers security and predictability today – and a stable income you can count on for life.

No matter where you are in your retirement journey, HOOPP is here for you.