There have been many negative headlines around the world about DB pension plans. Some DB plans are facing severe funding problems and, in some countries, governments have stepped in and “frozen” DB plans to new entrants. Critics say DB plans are too expensive for single employers to operate; others feel public sector employees should get […]
Other plans might be increasing member contribution rates but the Healthcare of Ontario Pension Plan (HOOPP) board of trustees says HOOPP won’t be one of them. Member and employer contribution rates will remain stable in 2013. “Stability is an important objective for HOOPP,” says the plan’s president and CEO John Crocker. “HOOPP’s fully funded status […]
Coverage of the Canada Cup of Investment Management
The shift from DB to DC plans has done nothing to address Canada’s retirement funding crisis, aside from insulating plan sponsors from the risks of underfunding. Because there are no benchmarks for a DC plan, the concept of “underfunding” has lost meaning to all but the plan members, who risk underfunding their retirement needs. That’s […]
The Healthcare of Ontario Pension Plan (HOOPP) continues to be fully funded and is reporting returns of 13.68% and net assets of $35.7 billion in its 2010 Annual Report, released today. “Equities and long-term bonds were our strongest performers in 2010,” says John Crocker, HOOPP president and CEO. HOOPP reported returns of 17.38% in Canadian […]