The Healthcare of Ontario Pension Plan (HOOPP) has a record $51.6 billion in assets following an 8.6% rate of return in 2013.

The plan is in its strongest funded position in more than a decade with a funded ratio of 114%. The plan’s rate of return over the past 10 years is 9.7%.

“Being fully funded means we are able to deliver the pension promise for all of our members,” says president and CEO Jim Keohane.

HOOPP has 286,000 members and pensioners.

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Copyright © 2020 Transcontinental Media G.P. Originally published on benefitscanada.com

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