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Retirement

Retirement

Owned by Thomas Stachowicz (Deactivated)

For Plan Rules, please visit the Admin Manual: Link

Processing a member's retirement consists of 2 steps:  Submit a Retirement Notice to initiate the member's Retirement package (approximately 3 months prior to the retirement date); then submit Retirement Final Data (after the member's final pay has been processed).

When submitting retirements for members on HOOPP Insight, there are 3 different ways you can do this:

  1. Manual Entry - enter each retirement individually by keying it manually on HOOPP Insight (ideal if you have 1 or 2 retirements to enter).
  2. File Builder (Excel Template) - download HOOPP's Events Final Data File template, key or copy retirement information onto the template and upload it to HOOPP Insight (ideal if you have a few retirements to enter).
  3. File Upload - build a file directly from your payroll/HRIS system that is in the file format specifications.  (usually for a large number of retirements).  

The three subcategories will walk you through each process step-by-step.


HOOPP Resources & Related Topics
CPP & OAS

Government pensions typically begin when the member is age 65. The member must apply for all government benefits and, if taken early, they may be subject to a reduction. An early initiation of Canadian Pension Plan benefits will not impact a member's HOOPP benefit entitlement. 

Canada Pension Plan (CPP) and Old Age Security (OAS) telephone number: 1 800 277 9914

Canada Pension Plan & Old Age Security



For incorporated physicians only

We encourage incorporated physicians to reach out to their Employer Services Specialist to confirm their specific circumstances and any impacts to their participation agreement with HOOPP and, as applicable, impacts to members that are part of their Medical Profession Corporation (MPC). 



"Rather watch? Click here to view How to Initiate Final Data Video "

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