Investegate announcements from Healthcare of Ontario Pension, HOOPP maintains strong funded status in challenging year: Improves benefits and keeps contribution levels unchanged
TORONTO, March 17, 2023of 117%. Funded status is one of the most important indicators of the health of the Plan and its ability to pay pensions to members today and in the future. 2022 was an extremely
The Healthcare of Ontario Pension Plan is increasing its lifetime pension for active plan members effective Jan. 1, 2023. Under the latest increase, members working full time with average earnings of $60,000 and 10 years of service in the plan before 2023 will receive an extra $1,310 per year from their lifetime pension once they retire. Members with the same earnings […]