Work Here?
Healthcare of Ontario Pension Plan
Work Here?
Defined-benefit pension plan for healthcare workers
Healthcare of Ontario Pension Plan
Work Here?
Defined-benefit pension plan for healthcare workers
Overview
HOOPP is a defined benefit pension plan and independent, not-for-profit trust fund serving Ontario’s healthcare sector. It collects contributions from healthcare employees and their employers and invests these funds in a global multi-asset portfolio to fund member pensions. Its primary product is a lifetime retirement income that is paid to over 478,000 healthcare workers, providing predictable benefits in retirement. The plan works by pooling contributions, investing for the long term, and using the returns to pay prescribed pension benefits to retirees. HOOPP differs from many rivals by focusing on a specific sector (healthcare), operating as a non-profit, self-administered trust, and aiming to deliver a stable, defined-benefit retirement promise rather than variable or individual-market-based benefits. Its goal is to meet its long-term pension obligations and provide financial security and peace of mind for its members through a reliable lifetime pension.
About Healthcare of Ontario Pension Plan
Industries
Quantitative Finance
Financial Services
Company Size
N/A
Company Stage
N/A
Total Funding
$3.2B
Headquarters
Toronto, Canada
Founded
1960
Get referred to Healthcare of Ontario Pension Plan
See people who can refer or advise you
Simplify's Take
What believers are saying
- 2025 net assets rose to C$131.9 billion, up from C$123 billion.
- HOOPP earned 7.7% net return in 2025 and C$9.7 billion income.
- January 21, 2026 approved a 2.36% COLA effective April 1, 2026.
What critics are saying
- October 10, 2025 Dutch tax summons creates costly litigation and reputational drag.
- July 2025 executive departures, including COO Tim Shortill, signal leadership instability.
- Ontario healthcare staffing shortages would shrink contributions and threaten HOOPP's member-growth model.
What makes Healthcare of Ontario Pension Plan unique
- HOOPP stayed fully funded since 2009, ending 2025 at 109%.
- January 1, 2026 TPA reshaped investing for flexibility and resilience.
- HOOPP serves 504,000 members and 870 employers across Ontario healthcare.
Help us improve and share your feedback! Did you find this helpful?
Funding
Total Funding
$3.2B
Above
Industry Average
Funded Over
0 Rounds
Benefits
Health Insurance
Dental Insurance
401(k) Retirement Plan
Paid Vacation
Parental Leave
Fertility Treatment Support
Wellness Program
Mental Health Support
Flexible Work Hours
Professional Development Budget
Hybrid Work Options
Company News
The AlleyWatch startup daily funding report: 7/16/2026. The latest venture capital, seed, pre-seed, and angel deals for NYC startups for July 16, 2026 featuring funding details for Wonder, Fora, TytoCare, and much more. This page will be updated throughout the day to reflect any new fundings. Wonder - $650M. ENTERPRISE Wonder, a food technology platform that builds, acquires, and hosts restaurant brands through proprietary kitchen technology and delivery infrastructure, has raised $650M in Series D funding from investors that include Accel, GV, New Enterprise Associates, AllianceBernstein, ARK Invest, and Kayne Anderson Rudnick Investment Management. Founded by Juan Cappello and Marc Lore in 2018, Wonder has now raised a total of ~$3.15B in reported equity funding. REACH NYC TECH LEADERS / AlleyWatch is NYC's leading source of tech and startup news, reaching the city's most active founders, investors, and tech leaders. Advertise today Fora - $60M. ENTERPRISE Fora, a travel platform that enables independent travel advisors to build and run businesses through AI-powered technology and training tools, has raised $60M in Series D funding led by Forerunner and Tactile Ventures with participation from Thrive Capital, Insight Partners, Heartcore Capital, PLUS Capital, BlackPines Capital Partners, and Tribeca Venture Partners. Founded by Evan Frank, Henley Vazquez, Jake Peters, and Joe Essenfeld in 2021, Fora has now raised a total of $138.5M in reported equity funding. TytoCare - $25M. HEALTHTECH TytoCare, a healthtech company that provides AI-powered remote physical examination technology using FDA-cleared medical devices for clinical-grade virtual care, has raised $25M in Venture funding led by Insight Partners with participation from Healthcare of Ontario Pension Plan (HOOPP), OliveTree, OrbiMed, Qumra Capital, and Qualcomm Ventures. Founded by Dedi Gilad and Ofer Tzadik in 2011, TytoCare has now raised a total of ~$230.7M in reported equity funding.
Koho Financial has raised $130 million in a Series E round, valuing the Canadian challenger bank at $1.33 billion and making it the country's latest unicorn. The all-equity financing will provide the capital base required for Koho to become a federally regulated bank. The round was backed by new investors including Abu Dhabi's Mubadala, Savano Capital, Shopify CEO Tobi Lütke and Affirm COO Michael Linford, alongside existing investors Portage, BDC Capital and Drive Capital. The company has now raised $507 million in total funding. Founded in 2014, Koho has surpassed 2.5 million users and generates approximately $250 million in annual revenue, growing 50 per cent year-over-year. The company is navigating the final stages of obtaining a Schedule 1 banking licence, a process it began five years ago.
Canada's largest pension funds have reported weak private equity performance for 2025, but consultant Alexander Beath argues the poor results may reflect flawed benchmarking rather than actual underperformance. Ontario Teachers' Pension Plan recorded a 5.3% loss on its PE portfolio, whilst Ontario Municipal Employees Retirement System saw a 2.5% loss. Caisse de dépôt et placement du Québec's buyout portfolio returned just 2.3%, missing its benchmark by over 10 percentage points. Healthcare of Ontario Pension Plan gained 0.6%, whilst Alberta Investment Management Corporation's PE portfolio returned 3%. Beath contends these pensions measure PE performance against benchmarks heavily weighted towards large-cap stocks, particularly the Magnificent Seven, which saw massive 2025 returns. This makes PE appear worse by comparison, despite industry-wide headwinds from slow dealmaking and valuation declines.
Cohere, a Canadian AI firm, has raised $500 million, resulting in a $6.8 billion valuation. The funding round was led by Radical Ventures and Inovia Capital, with contributions from AMD Ventures, Nvidia, PSP Investments, Salesforce Ventures, and the Healthcare of Ontario Pension Plan. The funds will accelerate the development of agentic AI products. Joelle Pineau, formerly of Meta, will join as chief AI officer, and Francois Chadwick will become chief financial officer.
With 478,000 members relying on it, the Healthcare of Ontario Pension Plan (HOOPP) has launched a 2030 Strategic Plan that outlines a vision to build a stronger financial future for Ontario's healthcare community.
There are no jobs for Healthcare of Ontario Pension Plan right now.
Find jobs on Simplify and start your career today
About Healthcare of Ontario Pension Plan
Industries
Quantitative Finance
Financial Services
Company Size
N/A
Company Stage
N/A
Total Funding
$3.2B
Headquarters
Toronto, Canada
Founded
1960
There are no jobs for Healthcare of Ontario Pension Plan right now.
Find jobs on Simplify and start your career today