HOOPP – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 03 May 2024 21:03:19 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 HOOPP returns 9.38% for 2023, driven by equities, fixed income https://www.benefitscanada.com/news/bencan/hoopp-returns-9-38-for-2023-driven-by-equities-fixed-income/ Wed, 13 Mar 2024 19:00:42 +0000 https://www.benefitscanada.com/?p=153062 The Healthcare of Ontario Pension Plan is reporting an annual return of 9.38 per cent for 2023, partly due to the performance of equities and fixed income, says Michael Wissell, chief investment officer at the HOOPP. The investment organization finished the year with $112.6 billion in net assets, compared to $103.7 billion and a return of […]

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]]> Pension funds improving modestly on climate but more work to be done: report https://www.benefitscanada.com/canadian-investment-review/research-markets/pension-funds-improving-modestly-on-climate-but-more-work-to-be-done-report/ Wed, 28 Feb 2024 20:00:49 +0000 https://www.benefitscanada.com/?p=152436 Canada’s largest public pension funds are showing modest improvements on climate action but are moving too slowly overall, according to a new report by a climate advocacy group. The progress report from Shift Action for Pension Wealth and Planet Health found four of the 11 pension plans it examined still don’t have emissions reduction targets […]

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]]> 84% of employers say they’re concerned about a retirement income crisis: survey https://www.benefitscanada.com/pensions/retirement/84-of-employers-say-theyre-concerned-about-a-retirement-income-crisis-survey/ Tue, 31 Oct 2023 13:00:07 +0000 https://www.benefitscanada.com/?p=146099 As a majority (84 per cent) of Canadian employers say they’re concerned about an emerging retirement income crisis, they also agree that, without access to employer-sponsored pension plans, workers will become a burden on the taxpayer (82 per cent) and the economy will suffer (79 per cent), according to a new survey by the Healthcare […]

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]]> Is the single-employer DB pension plan dead or merely modernizing for the future? https://www.benefitscanada.com/pensions/defined-benefit-pensions/is-the-single-employer-db-pension-plan-dead-or-merely-modernizing-for-the-future/ Thu, 13 Jul 2023 13:00:01 +0000 https://www.benefitscanada.com/?p=140823 Predictions of the demise of defined benefit pension plans are premature. The reality is DB is still alive and well in the public sector, with a growing number of multi-employer plans making the promise of financial certainty in retirement provided by DB pensions available to private sector employers of all sizes. What’s under threat is […]

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]]> 2023 Top 100 Pension Funds Report: How to improve retirement outcomes across diverse plan member groups https://www.benefitscanada.com/archives_/benefits-canada-archive/2023-top-100-pension-funds-report-how-to-improve-retirement-outcomes-across-diverse-plan-member-groups/ Fri, 23 Jun 2023 12:56:55 +0000 https://www.benefitscanada.com/?p=139798 At the beginning of April, the OPSEU Pension Trust made a change to a definition in its plan text that will have meaningful implications for plan members with disabled children who need to continue to rely on their parents into adulthood. The organization expanded the definition of a child eligible for survivor benefits to include […]

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]]> Survey finds 44% of Canadian pre-retirees have less than $5,000 in savings https://www.benefitscanada.com/pensions/retirement/survey-finds-44-of-canadian-pre-retirees-have-less-than-5000-in-savings/ Fri, 16 Jun 2023 13:00:39 +0000 https://www.benefitscanada.com/?p=139897 Three-quarters (75 per cent) of Canadian adults aged 55 to 64 have $100,000 or less in savings and 44 per cent have less than $5,000, according to a new survey by the Healthcare of Ontario Pension Plan. The survey, which polled 2,000 Canadian employees, found 44 per cent haven’t set aside any money for retirement […]

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]]> HOOPP recognizes Canadian property managers for climate leadership https://www.benefitscanada.com/canadian-investment-review/strategies/hoopp-recognizes-canadian-property-managers-for-climate-leadership/ Tue, 06 Jun 2023 16:00:31 +0000 https://www.benefitscanada.com/?p=139413 The Healthcare of Ontario Pension Plan is recognizing the property managers of nine Canadian buildings among the winners of its Leadership in Environmental Advancement Program awards. The LEAP awards, which were launched in 2011, recognize property managers of buildings in the pension organization’s property portfolio for efforts related to energy conservation and greenhouse gas emission […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-29/ Fri, 24 Mar 2023 13:00:46 +0000 https://www.benefitscanada.com/?p=135592 An article on how British Columbia’s incoming pay transparency legislation could impact employers was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. How B.C.’s pay transparency legislation could impact employers 2. Report finds new diabetes, migraine treatments could impact private drug plans in 2023 3. CPPIB […]

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]]> HOOPP returns -8.6% for 2022, citing declines in equities, fixed income https://www.benefitscanada.com/canadian-investment-review/db-investments/hoopp-returns-8-6-for-2022-citing-declines-in-equities-fixed-income/ Mon, 20 Mar 2023 13:00:41 +0000 https://www.benefitscanada.com/?p=135415 The Healthcare of Ontario Pension Plan is reporting an annual return of negative 8.6 per cent for 2022, citing declines in equities and fixed income markets. The HOOPP finished the year with net assets of $103.7 billion and, despite the economic challenges, maintained a funded status of 117 per cent. Its fixed income portfolio generated […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-28/ Fri, 17 Mar 2023 13:00:51 +0000 https://www.benefitscanada.com/?p=135398 An article on how working mothers are struggling with work-life balance was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Majority of Canadian working moms struggling with work-life balance: survey 2. CPPIB jointly acquiring cloud-based software company, OMERS subsidiary entering debt financing agreements 3. How employers […]

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