Healthcare of Ontario Pension Plan
Multi-employer defined benefit pension plan for Ontario's hospital and community-based healthcare sector.
The Healthcare of Ontario Pension Plan (HOOPP) is a defined benefit pension plan that serves the healthcare sector in Ontario, Canada. It operates as an independent, not-for-profit trust fund, with the primary goal of administering and providing pensions for its members.
Established in 1960, HOOPP manages the contributions from both employees and employers within the healthcare community. The organization invests these funds across a global, multi-asset portfolio to ensure it can meet its long-term pension obligations. Its model is designed to provide a stable and predictable lifetime retirement income for over 478,000 healthcare workers. The plan is structured to deliver on its "pension promise," offering financial security and peace of mind to its members upon retirement.
Keywords: pension plan, defined benefit, healthcare workers, investment management, retirement security, Ontario, trust fund, asset management, employee benefits, financial services