3.4 Retired Members

Options for Newly Employed Retired Members
New employees who are receiving a HOOPP pension when they are hired have two options. They can:

• continue to collect their pension while they work, and not re-enrol in HOOPP; or

• temporarily suspend their pension and re-enrol in HOOPP as long as they have not attained age 71

Continuing to Collect Pension
No action is required on your part if a retired member chooses to continue receiving their HOOPP pension A retired member can choose to re-enrol in HOOPP anytime.

Suspending Pension and Re-enrolling
If a retired member is interested in suspending their pension and re-enrolling:

• Inform the retired member to contact HOOPP to discuss their options.

• Initiate an Enrolment event in HOOPP Insight if the retired member notifies you of their decision to suspend their pension and re-enrol in HOOPP.

Retired members need to be aware that they will not receive any pension payments from HOOPP during the period during which they resume making contributions. They are also not eligible to apply for HOOPP disability benefits or to purchase past service. While the member will get a larger pension if they re-enrol – based on the benefits they were receiving before, plus their new period of service and earnings – it is possible that the value of the pension payments they forego may be more than the increase in their future pension. If a retired member chooses to re-enrol then they must resume making contributions at your organization on the first day of the month following their last pension payment, regardless of whether they are working on a full-time or part-time basis. During their re-employment period, their pension will be suspended and will resume when they terminate employment or when they decide to cease making contributions and resume their pension payments, if earlier.