HOOPP (Healthcare of Ontario Pension Plan) | Company Profile - Revenue, Headcount, Tech Stack, Contacts
The Healthcare of Ontario Pension Plan (HOOPP) is a prominent multi-employer defined benefit pension plan for healthcare workers in Ontario, established in 1960.
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The Healthcare of Ontario Pension Plan (HOOPP) is a prominent multi-employer defined benefit pension plan for healthcare workers in Ontario, established in 1960. It serves over 460,000 members from around 670 healthcare-related employers, including hospitals and community organizations. HOOPP ensures its members receive a secure, lifelong monthly pension income upon retirement, based on their earnings and years of contributions.
Members contribute a fixed percentage of their earnings, which is matched by employer contributions. The funds are managed by HOOPP’s in-house investment team, with investment returns accounting for about 80% of pension payments. The plan covers a diverse range of healthcare employees and plans to expand eligibility to self-employed Ontario-based doctors in 2025. HOOPP manages approximately CAD 112.6 billion in assets, with a diversified investment portfolio that includes government and corporate bonds, public equities, real estate, and more. The governance of the plan is overseen by a Board of Trustees and an executive leadership team focused on the best interests of its members.
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