Does HOOPP share pension plan improvements with retired members?

Updated : Oct 23, 2019 in Articles

Does HOOPP share pension plan improvements with retired members?


Hi, Jim. My name is Peter Flattery. I’m
retired from HIROC for 20 months now, and I see HOOPP as being a
progressive and innovative organization. My question is, when HOOPP
makes improvements to the pension plan, are those improvements shared with
current member pensioners? Thanks Peter, for your question. When the HOOPP Board
makes benefit improvements, what they try to do is be balanced
among various stakeholder groups. And if you look at the benefits we put in
place…improvements we put in place over the last few years, some of those
benefits accrue more to the retired group and some of them accrue
more to the active group. But overall when you look at it, we’ve
been quite balanced across both those groups when making benefit improvements.

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