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Articles from Healthcare of Ontario Pension Plan

What’s the top source of stress for older workers? New HOOPP research suggests people are more worried about their finances than any other issue in their lives
Financial stress is harming the physical and mental health of Canadian workers.
475,000 members and counting: HOOPP adds 33 new employers in 2024
HOOPP continues to expand retirement security to more Ontario healthcare workers
Ontario physicians will be eligible to join the Healthcare of Ontario Pension Plan in 2025
Expanding access to retirement security for more healthcare workers in Ontario
By Healthcare of Ontario Pension Plan · Via GlobeNewswire · December 10, 2024
HOOPP Board of Trustees appoints Annesley Wallace as new President & CEO
HOOPP announces the appointment of Annesley Wallace as the new President & Chief Executive Officer (CEO), effective April 1, 2025
Canada is facing a productivity crisis as employee burnout is a major concern among businesses: New research from HOOPP and Angus Reid Group
Survey findings show businesses are concerned about employee burnout, but companies that invested in their workers over the last year reported better employee productivity
By Healthcare of Ontario Pension Plan · Via GlobeNewswire · November 28, 2024
HOOPP President & CEO Jeff Wendling announces retirement
TORONTO, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Jeff Wendling, President & CEO of the Healthcare of Ontario Pension Plan (HOOPP), announced today that he will be retiring in 2025 after more than a quarter of a century with the organization.
By Healthcare of Ontario Pension Plan · Via GlobeNewswire · September 25, 2024
Rising expenses hurting Canadians’ finances: women’s retirement security at risk
New research from HOOPP and Abacus Data finds half (49%) of Canadian women have less than $5,000 in savings; most Canadians feel unprepared for retirement.
Expanding retirement security for Ontario’s healthcare workers: HOOPP welcomes 35 new employers to the plan in 2023
TORONTO, May 30, 2024 (GLOBE NEWSWIRE) -- HOOPP was pleased to welcome 35 new employers, including hospices, community care and family health teams, to the Plan in 2023. As one of the strongest, lowest cost and most stable pension plans in Canada, employers who participate in HOOPP continue to find value in offering lifetime retirement benefits to their employees.
HOOPP delivers 9.38% return in 2023: success bolstered by strong Canadian portfolio
TORONTO, March 13, 2024 (GLOBE NEWSWIRE) -- The Healthcare of Ontario Pension Plan (HOOPP) announced today that it delivered a 9.38% return in 2023, bringing its net assets to $112.6 billion, up from $103.7 billion at the end of 2022. The Plan’s funded status remains very strong at 115%, meaning that for every dollar owed in pensions, it has $1.15 in assets (all numbers in this release as at Dec. 31, 2023).
Pension or pay raise: do employers know what their employees want?
New survey from HOOPP and Angus Reid Group shows more employers are offering retirement benefits, while those who don't may be falling behind
Interest rates and inflation making retirement elusive; Workplace pensions needed more than ever
Almost half (44%) of non-retired Canadians 55-64 have less than $5,000 in savings.
HOOPP maintains strong funded status in challenging year: Improves benefits and keeps contribution levels unchanged
TORONTO, March 17, 2023 (GLOBE NEWSWIRE) -- Despite a very challenging year for the markets, HOOPP maintained a strong funded status of 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.
HOOPP releases climate plan for achieving net zero by 2050
TORONTO, March 13, 2023 (GLOBE NEWSWIRE) -- The Healthcare of Ontario Pension Plan (HOOPP) today unveiled its climate plan for achieving net zero in its portfolio by 2050. The plan, which seeks to leverage climate-related opportunities while also managing risks, includes an expectation of deploying $23 billion in green investments by 2030. “Our climate strategy: good for the Plan and the planet” is the natural next step for HOOPP and its long-standing commitment to sustainable investing.
HOOPP adds Ottawa-based homecare organization Carefor, expanding access to retirement security for healthcare workers
TORONTO, Jan. 31, 2023 (GLOBE NEWSWIRE) -- The Healthcare of Ontario Pension Plan (HOOPP) was pleased to begin the new year by bringing in Carefor Health & Community Services as a new employer in the Plan. Carefor is Eastern Ontario's largest and oldest charitable, non-profit home health care and community support services organization, offering a wide range of healthcare services, supporting clients of all ages as well as their caregivers.
Canadian employers are most worried about staff retention and well-being, but solutions vary amid economic uncertainty: new research from HOOPP and Angus Reid Group
TORONTO, Nov. 03, 2022 (GLOBE NEWSWIRE) -- The top concerns for Canadian employers in 2022 include employee burnout and losing staff, according to the Canadian Employer Pension Survey from the Healthcare of Ontario Pension Plan (HOOPP) and Angus Reid Group. And while employers recognize the value of retirement benefits for addressing these concerns, the current high-inflation environment is driving them to favour wage hikes instead.