The Healthcare of Ontario Pension Plan has surpassed 500,000 members, including more than 300,000 active members, giving it one of the highest active-to-retired ratios among Canada’s major pension plans.
The milestone was reached in late December and reflects the plan’s continued growth alongside Ontario’s health-care sector, according to a press release.
Read: HOOPP opening to Ontario physicians in 2025
The HOOPP said the half-million membership milestone reinforces its long-term stability and ability to deliver secure pensions for decades to come, while also advancing targets outlined in its strategic plan to reach more than 600,000 members and 1,000 participating employers by 2030.
The plan crossed the threshold when the Hospital for Sick Children joined HOOPP, making every hospital in Ontario a participating employer. The HOOPP ended 2025 with more than 850 participating employers across the province’s health-care sector, with the addition of SickKids bringing more than 6,500 new members into the plan.
Read: SickKids employees joining HOOPP’s DB pension plan
HOOPP said pension portability allows members to move between participating employers within Ontario’s health-care sector while maintaining uninterrupted pension growth, supporting workforce stability and helping employers attract and retain talent.
“For over 65 years, HOOPP has been helping our members retire with confidence and surpassing 500,000 members reflects the trust the health-care community has placed in us,” said Annesley Wallace, president and chief executive officer, in a press release.