Pensions

A pension can be an important component of your retirement security, and it's one advantage of being a unionized public sector professional.

Defined benefit pension plans pool contributions from you and your Employer in a pension fund. These funds are then invested, and when you retire, provide you with a secure and predictable income.

The Healthcare of Ontario Pension Plan (HOOPP) is the pension for AMAPCEO members at Waypoint, although some long-term members may have their pension split between HOOPP and the Public Service Pension Plan (PSPP).

Eligibility

Regular employees

• Full-time employees and part-time employees must contribute to HOOPP.

Temporary employees

• Temporary employees have the option of joining HOOPP at any time during their contract. For more information, please contact the plan provider and your HR representative at Waypoint.

Long-term employees

• Members who were employed by the Ontario Public Service when the unit was divested into Waypoint may have a pension split between HOOPP and the Public Service Pension Plan (PSPP).
• For more information on HOOPP, please see below.
• For assistance with the PSPP, please contact Plan administrator Ontario Pension Board (OPB).

Healthcare of Ontario Pension Plan (HOOPP)

HOOPP is a major multi-employer defined benefit pension plan for Ontario's hospital and community-based healthcare sector.

HOOPP was established in 1960, and its Board of Trustees governs the Plan and the Fund.

If you have questions or need assistance

As the administrator of the Plan, HOOPP is here to help you with questions about your pension.

HOOPP regularly offers financial and retirement seminars for AMAPCEO members. Register for one of their seminars today.