The Healthcare of Ontario Pension Plan (HOOPP) is a defined benefit (DB) pension plan that has been helping build the foundation for a financially secure retirement for Ontario’s healthcare workers.
The reason HOOPP has been the leading defined benefit pension plan provider in the Ontario healthcare community is simple: the Plan is tailored to the healthcare sector and offers its members retirement income for life.
HOOPP members make regular contributions over the length of their career. When they retire, they receive a monthly income based on how much they earned and how many years they contributed. They will not outlive their pension.
At HOOPP, our driving purpose is to provide healthcare workers with a financially secure retirement. We manage all aspects of the HOOPP pension plan for healthcare workers; we not only administer the plan but we also invest member and employer contributions into the HOOPP Fund to ensure that pensions can be paid now and into the future.
Our mission is to deliver on our pension promise. This objective shapes how we invest in order to ensure stable and secure pension benefits for our members. To continue to realize our Mission, we focus on two strategic imperatives:
Maintaining a Favourably Funded Position
To manage HOOPP assets and liabilities to minimize funding volatility in order to ensure price and benefit stability for members and employers.
Defined Benefit Advocacy
To maintain the HOOPP DB promise for members in a changing environment by engaging government and stakeholders.
To support these strategic imperatives, we concentrate on two critical success factors:
Plan Operational Excellence
To deliver valued pension service and information through accurate, timely and efficient operations in line with member, pensioner and employer needs, while managing cost.
Employer of Choice
To develop a culture that instills pride and exemplifies HOOPP's core values to drive engagement and build a culture that attracts and retains top talent.
As a world-class pension fund, we provide a secure and reliable source of retirement income for approximately 309,000 people in Ontario’s healthcare industry. We are an important part of the lives of our members, from the time they join the Plan, throughout their working life, until they retire. When you work for HOOPP, you may be able to become a member too!
Everything we do at HOOPP is about keeping our pension promise. We are passionate about defined benefit pensions and helping people retire with dignity. If you are too, join us!
At HOOPP you can be part of a workplace that is dynamic and challenging, yet warm and friendly. When you bring your talent and hard-work to our organization, we can help you develop a career path that is fulfilling and also provides balance for your life outside of work.
Work with the best
One of our key objectives is to be an employer of choice, attracting high-calibre individuals to our organization. HOOPP employees are flexible and adaptable to work in cross-divisional teams in a fast-paced, rewarding environment.
Our organization's size and structure bring decision-making, accountability and ownership to the individual employee level.
We offer competitive salaries and bonuses that are tied to individual and corporate performance. We also offer opportunities for personal and professional growth, combined with a superior benefits package that includes HOOPP’s defined benefit (DB) pension plan. In addition to standard vacation days, employees can take a Work Life Balance day (awarded every other month) to tend to personal matters.
Be your best self
Our core values – professional, accountable, collaborative, compassionate and trustworthy – guide every interaction with our members and colleagues. These values are also at the heart of our Promise Statements to members. Our Thrive Wellness program provides employees with fitness classes, nutrition information and other programs that nourish physical and mental health.
As prudent investment managers, HOOPP makes investment decisions on the basis of achieving the best risk-adjusted return for our members. Our belief is that enterprises that effectively manage environmental, social and governance (ESG) risks will, over the longer term, generate better financial returns and reduce operating and financial risks. Learn more about responsible investing at HOOPP.
We believe in giving back to the community and supporting organizations that make a difference.
In 2015, we raised more than $600,000 for the United Way Toronto & York Region. In 2016, our HOOPP Racers team has had the highest per person fundraising for the United Way Rat Race, for a second consecutive year.
HOOPP is an equal opportunity employer that supports abilities and diversity of all kinds. We recruit and select the most qualified applicants. If you require accommodation during the recruitment and selection process, please contact our Human Resources team.
Good pay and benefits.
Sense of pride in working for a top pension plan
CEO is down to earth and makes an effort to familiarize himself with the employees that make up the organization.
Not much room for growth. Often look externally to fill positions rather than growing from within.
Seems like everyone is a manager. Lots of people planning and strategizing but no one to do the actual work.
Advice to Management
Have some trust in your employees.
I applied through an employee referral. The process took 2+ months. I interviewed at HOOPP (Toronto, ON (Canada)).
Long recruitment process of 2 months with limited communication from HR. One has to ask again and again for updates. The preference from HOOPP is to include a broad group of employees into the interview process. You end up going through multiple interviews which can create the impression that you are on the shortlist, which isn't necessarily the case. Being invited back for interview after interview does not equate into a short list. While I admire HOOPP's desire to have a cast of thousands in the hiring decision, it requires applicants to invest too much time and HOOPP offers little feedback or updates to compensate.
Pleasant group of people but my impression was that they are confused about how to manage a fast and efficient recruitment process.
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