Calculate & Remit Contributions

Calculation and Remittance of Contributions on all Pensionable Earnings 

For Plan Rules, please visit the Admin Manual: Link

HOOPP's Board of Trustees determines the contribution rates for members and employers annually.  For more information on the calculations, please review the HOOPP Administration Manual (Section 4) and/or watch the Pension Contributions video on the right of this web page.   

Employers must remit all monthly employee contributions and related employer contributions to HOOPP by electronic funds transfer (EFT), online banking, telephone banking or wire transfer.  Employers are also required to report their monthly Payment Declaration to HOOPP via HOOPP Insight.  Deducted contributions should be sent to HOOPP along with the Payment Declaration - the funds must reach HOOPP no later than the 15th of the following month and the totals must match.  Funds received past the deadline are subject to a make whole charge which will be posted on HOOPP Insight as an invoice and due within 30 days.

Monthly Remittance Process
	On the dashboard, find the Remittance Tile and click View all to drill down and see more details.
	Regular monthly remittances are automatically created and available for you to complete and submit to HOOPP.  Select the upcoming monthly remittance from the list.  Tip: If you administer multiple HOOPP employer codes, you will be required to complete and submit a Payment Declaration for each employer code. Note: If you are submitting an ad hoc payment outside your regular monthly remittance, please click Create New Remittance to submit a corresponding Ad Hoc Payment Declaration. For more information on submitting payment declarations please click here for the Remittance page.