Healthcare of Ontario Pension Plan General Information
Healthcare of Ontario Pension Plan (HOOPP) is a contributory and defined-benefit public pension fund based in Toronto, Canada. Established in 1960, the plan serves Ontario's healthcare workers. HOOPP provides a plan which pays out a set pension amount every month based on a member's length of service and the best 5 consecutive years of earnings. The purpose of HOOPP is to provide Ontario healthcare workers with a financially secure retirement. The plan is tailored to the healthcare sector and offers its members retirement income for life. The assets of the plan are managed by the executive management team.