The Healthcare of Ontario Pension Plan (HOOPP) posted returns of 17.1% in 2012, boosting the pension plan for the province’s healthcare workers to a record $47.4 billion in assets, up from $40.3 billion in 2011.

At the end of 2012, HOOPP was 104% funded, meaning the plan has sufficient assets to pay for every member’s pension benefit—with no shortfall.

“HOOPP had a very strong year in 2012—with our best investment results in more than a decade,” says HOOPP president and CEO Jim Keohane. “This was a year when all of our investment strategies worked. We were firing on all cylinders, with positive returns from every type of investment.”

Keohane added that HOOPP’s liability driven investment strategy continues to contribute to the plan’s success.

Copyright © 2019 Transcontinental Media G.P. Originally published on benefitscanada.com

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