Both member and employer contributions must be remitted monthly, except when members contributing for a leave or topping up contributions for a temporary period of reduced earnings/approved work schedule reduction choose to remit their contributions as a lump sum within six months (temporarily extended to 12 months for leave periods starting on or before December 31, 2021) after the end of the leave period. The deadline for making contributions after these periods is set out in the sections of this manual which describe these options (for Leaves and Layoffs, see section 5 Leaves and Layoffs (Click Here), for Health Leaves, see section 7 Disability Benefits (Click Here). In such a case, employer contributions should be made at the same time as the member contributions and must be submitted to HOOPP no later than 15 days after the end of the month in which the member has made its contribution.
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For example, if the employer participation effective date is on Saturday August 29April 30, 2022, but your organization will not have any required contributions deducted through payroll until Monday, September 1May 2, 2022, there will be no required member and employer contributions to submit for the month of AugustApril. The first monthly remittance to HOOPP for September May is due no later than 15 days after the end of the month in which the member has made their contributions (no later than October June 15, 2022). Please reach out to your Regional Manager or Employer Services Specialist to ensure that your employer account is updated accordingly.
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Remitting on time is important because Ontario pension legislation requires that contributions deducted in one month be deposited in the pension fund within 30 days of the end of the month in which the deductions were made. To meet that deadline, HOOPP needs your contributions no later than the 15th of the month. Failure to do so will result in penalties, interest and/or late payment fees. This is in accordance with HOOPP’s Agreement and Declaration of Trust and the PBA. When you do not remit HOOPP pension contributions or remit pension contributions late, the benefits of all Plan members are adversely affected. HOOPP has a statutory obligation to notify FSRA when an employer does not remit contributions to HOOPP within 30 days of the end of the month for which the contributions were deducted or received.