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The KHSC pension plan is administered through Healthcare of Ontario Pension Plan (HOOPP). HOOPP has a long history of providing pensions to Ontario’s healthcare community. It is one of the biggest and most respected pension plans in the country.
As a defined benefit plan, HOOPP provides eligible members with a retirement income based on a formula that takes into account a member’s earnings history and length of service. Once eligible members start receiving a pension, they receive it for life. HOOPP’s assets are actively managed using a diversified, long-term investment strategy.