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 […]
When Grand River Hospital and St. Mary’s General Hospital merged in April 2025, leaders weren’t just bringing together two sites and two cultures, they also had to merge two very different pension arrangements. For years, Grand River had run its own defined benefit plan worth more than $650 million, while St. Mary’s employees had been […]
Nearly six in 10 (59 per cent) Canadians fear they’ll outlive their retirement savings, according to a new survey by the Canada Pension Plan Investment Board. It found more than half (52 per cent) of non-retirees with a financial plan said it gives them confidence their money would last, making planning the top driver of […]
Employees at Toronto’s Hospital for Sick Children are joining the Healthcare of Ontario Pension Plan’s defined benefit plan, effective Dec. 29, 2025. Almost all active members currently enrolled in the hospital’s DB plan will transition to the HOOPP for future service, enabling these members to continue to grow their existing SickKids pension, according to a […]
While a third (34 per cent) of Canadians aged 18 to 34 say an inheritance from their parents is crucial to meeting their retirement goals, 31 per cent of baby boomers say they don’t expect to leave their children any money, according to a new survey by Vanguard Group Inc. The survey, which polled more […]
The Healthcare of Ontario Pension Plan is welcoming eligible physicians in Ontario to join its defined benefit pension plan, effective January 2025. This new development will allow incorporated physicians who run their own practices, provide services from a medical clinic or provide services from a hospital to enrol in the HOOPP, according to a press […]
Earlier this year, Mexico’s senate approved the creation of a new pension fund to help provide more retirement security for low-income citizens. The reform aims to ensure pensioners receive 100 per cent of their last monthly salary up to roughly 16,777 Mexican pesos (US$975), which is the average monthly wage for workers affiliated with the […]
Nearly two-thirds (61 per cent) of Canadians say they’re afraid of running out of money in retirement, according to a new survey by the Canada Pension Plan Investment Board. The survey, which polled more than 4,700 Canadian adults, found more than two-thirds (67 per cent) of employees aged 28 to 44 are afraid they’ll run […]
Half (51 per cent) of Canadian employees say they’re behind in their retirement savings and 34 per cent are worried about not having enough money saved when they retire, according to a new survey by Manulife Financial Corp. The survey, which polled more than 1,500 employees and more than 500 retirees, found generation X (35 […]
The Ontario Municipal Employees’ Retirement System recently launched a new hub on its member website dedicated to retirement income sources. The new webpage is designed to support the OMERS’ members on their retirement savings and planning journey, emphasizing the importance of a secure and stable income foundation in retirement. This includes interactive tools to illustrate the […]