Articles from Healthcare of Ontario Pension Plan

Financial stress is harming the physical and mental health of Canadian workers.
By Healthcare of Ontario Pension Plan · Via GlobeNewswire · February 6, 2025

HOOPP continues to expand retirement security to more Ontario healthcare workers
By Healthcare of Ontario Pension Plan · Via GlobeNewswire · January 24, 2025

Expanding access to retirement security for more healthcare workers in Ontario
By Healthcare of Ontario Pension Plan · Via GlobeNewswire · December 10, 2024

HOOPP announces the appointment of Annesley Wallace as the new President & Chief Executive Officer (CEO), effective April 1, 2025
By Healthcare of Ontario Pension Plan · Via GlobeNewswire · December 2, 2024

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

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

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.
By Healthcare of Ontario Pension Plan · Via GlobeNewswire · June 20, 2024

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.
By Healthcare of Ontario Pension Plan · Via GlobeNewswire · May 30, 2024

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).
By Healthcare of Ontario Pension Plan · Via GlobeNewswire · March 13, 2024

New survey from HOOPP and Angus Reid Group shows more employers are offering retirement benefits, while those who don't may be falling behind
By Healthcare of Ontario Pension Plan · Via GlobeNewswire · October 31, 2023

Almost half (44%) of non-retired Canadians 55-64 have less than $5,000 in savings.
By Healthcare of Ontario Pension Plan · Via GlobeNewswire · June 15, 2023

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.
By Healthcare of Ontario Pension Plan · Via GlobeNewswire · March 17, 2023

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.
By Healthcare of Ontario Pension Plan · Via GlobeNewswire · March 13, 2023

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.
By Healthcare of Ontario Pension Plan · Via GlobeNewswire · January 31, 2023

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.
By Healthcare of Ontario Pension Plan · Via GlobeNewswire · November 3, 2022