The Healthcare of Ontario Pension Plan is an independent provider of pensions specifically tailored to Ontario's healthcare sector. It is one of the largest and most respected pension plans in Canada and is an industry leader among multi-employer plans. Its excellent management team has achieved long-term growth and drives plan performance to ensure continued success into the future. Visit www.hoopp.com for more information.
For questions about your HOOPP pension:
Visit: https://www.hoopp.com/contact-us
Call: 416-646-6445 or 1-877-43-HOOPP(46677)
Fax: 416-369-0225
Office hours: 8am - 5pm, Monday - Friday
History
The Hospitals of Ontario Pension Plan was established by the OHA on January 1, 1960 to meet the retirement needs of the health care community. In 1993, HOOPP was continued as a multi-employer plan governed by a private trust agreement. In 2010, the name was changed to Healthcare of Ontario Pension Plan. The plan is a jointly sponsored pension plan whose primary purpose is to provide monthly payments to members for their lifetime after retirement.
HOOPP Governance
HOOPP is governed by a Board of Trustees that is committed to its fiduciary responsibility to administer the plan and maintain the fund in the best interests of HOOPP's members.
The Board is composed of 16 Trustees who are appointed by five Settlor organizations: Ontario Hospital Association, Ontario Nurses' Association, Ontario Public Service Employees Union, Service Employees International Union, and Canadian Union of Public Employees. Each union appoints two members and the OHA appoints eight - fully half of the members of HOOPP's Board.
The OHA-appointees select a Lead Trustee who shares leadership of the HOOPP Board. The Chair and Vice-Chair are selected by the OHA-appointed Trustees and the union-appointed Trustees, on an alternating basis. These leaders ensure that HOOPP remains focussed on its mission to provide the foundation for a financially secure retirement for Ontario's healthcare workers.
Settlor organizations also appoint two non-voting observers to the Board who represent pensioners. One observer is appointed by the OHA and one is appointed by the Unions.
OHA's Relationship with HOOPP
As a Settlor of HOOPP, the OHA takes its stewardship responsibilities very seriously. The OHA's HOOPP Secretariat is an planning body internal to the OHA that assists the OHA's Board and management with strengthening the Association's stewardship of an independent HOOPP. As the focal point for all HOOPP-related matters within the OHA, the Secretariat identifies and coordinated activities related to HOOPP. This includes but is not limited to activities that strengthen:
- HOOPP's governance, and the Board-to-Board relationship between OHA and HOOPP;
- OHA's fulfillment of its settlor responsibilities;
- Relationships with key stakeholders (HOOPP Working Group, other settlors, OHA appointees to the HOOPP Board of Trustees, etc.);
- OHA's pension accounting capacity and understanding of pension governance and Ontario's pension regulatory environment; and,
- OHA's communications strategy in support of the Association's settlor role and of HOOPP's independence.
There are regular board to board meetings of the OHA with the lead OHA-appointed Trustee and senior management of HOOPP to ensure a shared understanding of the state of the Pension Plan and emerging issues that could impact its continued success. The OHA Board monitors developments in the Canadian and global regulatory environment affecting pension plans that supports HOOPP in its efforts to respond to these changes.
The OHA Board pays close attention to the expertise required to ensure the on-going success of HOOPP. A Competency and Diversity Framework for OHA Appointees has been adopted to assist the OHA Board in identifying the right people as Trustees of this highly successful pension plan.
The Lead Trustee liaises with the OHA Board to ensure the governance relationship between the two organizations functions well and provides advice to the OHA in relation to its responsibilities to HOOPP.
The Lead Trustee also collaborates with the OHA's President and CEO to develop tools and resources to support Trustees appointed by the OHA. As part of this commitment to HOOPP and its members, OHA has allocated resources to support the OHA-appointed Trustees in their governance role through administrative services and education about the health care context in Ontario and to liaise with HOOPP regarding emerging issues of mutual interest for which the OHA's position of Settlor could support HOOPP's efforts.
OHA Appointees to the HOOPP Board of Trustees
Adrian Foster is a Founding Partner of McLean Foster & Co. and an internationally recognized spectrum and telecommunications subject matter expert working with telecommunications regulators and operators for over 30 years on policy, legislation and regulation matters. He is a Certified Management Consultant and a Certified Corporate Director with the Institute of Corporate Directors.
Prior to founding McLean Foster & Co., Adrian was a Partner with Sierra Systems Group, a top tier North American Information Services and Technology consultancy where he was responsible for the E-com Practice in Ottawa/Montreal.
Adrian served as President and General Manager of AGRA Spectrocan and AGRA Systems, both subsidiaries of AGRA Inc. one of Canada's largest engineering services companies (acquired by AMEC UK), where he was responsible for the business operations and IT product and services development and delivery.
Mr. Foster and has over 25 years of board and governance experience on public and private boards with experience in the pension plan (HOOPP) and healthcare areas (The Ottawa Hospital, Almonte General Hospital, and the SE DHC). In addition to his own governance work on various boards, he has advised many telecommunications regulators on governance practices.
Christine Chen is an English solicitor and Canadian barrister and solicitor with extensive advisory and in-house experience.
She practiced Labour/Employment and Pension/Benefits law for six years at a national law firm, covering the spectrum of executive compensation and talent management issues. From 2001 until January 2007, Christine held senior positions with Deloitte LLP in their London, UK tax practice. She specialised in structuring remuneration and succession plans, as well as governance models, to meet the variable strategic and commercial drivers of clients. Christine's client base was largely comprised of private capital and alternative asset managers and capital markets teams, where talent management and succession are key enterprise risk areas. Christine joined her client, Cinven Limited, one of the leading international private equity investment managers, as in house counsel with additional tax responsibilities in 2007. Since her return to Canada in 2014, she continues to consult for Cinven and other clients.
Christine has extensive experience in strategic planning and organisation change, and has led several succession plans that entailed group reorganisations, changes to governance models and executive compensation, which required strong communication skills to achieve buy in from stakeholders at all levels of the organisations.
Christine serves on the Nomination and Governance Committee and Finance and Audit Committee of Canada's National Ballet School.
Anthony Dale is President and CEO of the OHA. Appointed to this role in 2013, he is dedicated to an agenda of policy innovation, relationship-building and high standards of member engagement and service. He has been at the OHA since 2004, most recently as Vice President, Policy and Public Affairs. Previously he served as an aide to Michael D. Harris, Ontario's 22nd Premier, and to Elizabeth Witmer in her capacities as Minister of Health and Long-Term Care and Minister of Labour. He has also worked as a consultant at a leading public affairs consulting firm.
He is a Member of the Board of Trustees for the Healthcare of Ontario Pension Plan (HOOPP), and a Board Member of The Change Foundation, a Toronto-based health care think tank. Anthony has served as a Trustee of the Canadian Museum for Human Rights in Winnipeg and as a Member of the National Roundtable on the Environment and the Economy, appointed in both instances by the Government of Canada. He also sits on numerous advisory groups and panels within Ontario's health care system.
Anthony holds a Master of Public Administration and a Bachelor of Arts (Honours) degree in political studies, both from Queen's University. He has also completed the Accelerated Development Program (ADP) in General Management at London Business School in the United Kingdom.
Karli Farrow is a leader who has been a part of transformation designed to improve public services in Ontario for over a decade. She is the Senior Vice-President, Strategy, People and Corporate Affairs and is accountable for leading critical enabling functions including strategy and project management, human resources, organizational development, public affairs and corporate governance. Karli joined the previous Credit Valley Hospital and Trillium Health Centre in 2009 and in 2011 provided project leadership to support the merger of the two organizations. Since that time, she has led innovative and highly engaged processes with people across the organization and in the community to achieve the strategic mission of delivering a new kind of health care for a healthier community. Karli is a dedicated mentor to emerging leaders and young professionals and is passionate about helping people realize their potential.
Prior to joining Trillium Health Partners, Karli worked for a health care consulting company where she led critical projects focused on reducing wait times and improving chronic disease management. She has also served in senior advisory roles for the government of Ontario, including Director of Policy for the Premier of Ontario and Chief of Staff to the Minister of Health and Long-Term Care. In these roles she worked to develop and implement strategies to improve access to care and the long-term sustainability of the health care system in Ontario. She is a member of the Board of Shared Services West, a health care shared services organization.
Jim Flett, now retired, has extensive experience as a senior executive in hospital administration in Ontario. During his over 30-year career, prior to his retirement in 2017, Jim held executive positions at The Toronto Hospital (now University Health Network), London Health Sciences Centre, St. Joseph's Health Care London, and Kingston General Hospital. During these years Jim served in many capacities, including, Chief Financial Officer, Chief Operating Officer, and Chief Executive Officer.
A Chartered Accountant (CA), Jim has a Commerce degree from Queen's University and a Master in Business Administration from the Ivey School of Business, University of Western Ontario. In addition to providing executive leadership to a range of clinical, support, and corporate portfolios in teaching hospitals, Jim has served on boards in both the private and public sectors throughout his career. Currently, Jim is serving on the boards of several community organizations, as well as the Board of the Healthcare of Ontario Pension Plan (HOOPP), and the Board of the Research Institute of Kingston Health Sciences Centre.
Ian Matheson is currently Chief Consulting Officer and Senior Counsel for IRGM GLOBAL Risk Management Consultants Limited, an independent consulting company with global affiliations in over 122 countries.
In this and his previous role with Risk Management Consultants of Canada Limited ("RMCCL"), an arm's-length global strategic risk consultancy subsidiary of Aon Corporation, Ian has served as the Principal Consultant for the reorganization of the Canadian blood supply system and remains a strategic advisor to Canadian Blood Services and its subsidiaries, and to the provincial and territorial Ministers of Health. He has also provided, and continues to provide, mergers and acquisitions due diligence consultancy to major public corporations, pension plans, equity funds and lenders with respect to the identification and quantification of material risk factors and contingent liabilities, and the development of sustainable mitigation structures and solutions for the preservation of enterprise value. Ian has also led Enterprise Risk Management (ERM) and corporate governance consultancy, primarily for listed companies and regulated organizations with a focus on enterprises having a comparatively high-risk profile or acute reputational risk susceptibility.
Ian also serves as Principal, Risk Nexus Inc., a strategic risk advisory partnership providing dynamic integrated solutions primarily to major pension plans, to international real estate investment trusts and to other investment groups with large real estate portfolios.
He has over 30 years' experience in risk modeling, benchmarking, insurance, strategic risk planning and ERM for various companies across a broad range of sectors, including companies involved in the environmental services, transportation, chemical, manufacturing, health care, engineering, disaster recovery, emergency restoration, title insurance, financial and insurance services sectors.
Ian's professional memberships include the Canadian Maritime Law Association, Institute of Corporate Directors, and Basel II Compliance Professionals Association.
Ian was appointed as Trustee of the Healthcare of Ontario Pension Plan in January 2019.
Gerry Rocchi is a Toronto-based consultant and director, specializing in investment, green finance and pensions. He was CEO of Barclays Global Investors Canada (now Blackrock Global Investors Canada) from 1997 to 2005, where he launched the iShares business in Canada. He co-founded Green Power Action, the manager of the Greening Canada Fund, which was Canada's first carbon offset credit fund and operated from 2009 to 2015. He served as the first non-industry Chair of the Investment Industry Regulatory Association of Canada (a self-regulatory organization that regulates investment dealers and equity marketplace trading in Canada). He managed the pension fund of Imperial Oil from 1992 to 1995. He has served on boards, investment committees, and regulatory bodies, and has provided consulting to several pension and investment organizations. In addition to being a Trustee of HOOPP, he currently serves as Chair of the board of Echoworx, a technology company based in Toronto, as a member of the Global Advisory Panel of Aberdeen Standard Investments, a global asset manager based in Edinburgh, and as a member of the investment committee of a family office.
Barry Wainstein retired as Vice-Chairman and Deputy Head, Global Capital Markets, Scotiabank in 2014. In this role, he served as the Global Head of Foreign Exchange and Precious and Base Metals, Global Banking and Markets, the investment banking division of Scotiabank. Prior to joining ScotiaBank in 1995, he was the Global Head of Foreign Exchange, CIBC Wood Gundy for over five years. His previous experience included positions with Price Waterhouse, Bank of America, and Citibank.
Barry Wainstein's board experience includes Director, Inuvialuit Investment Corporation; Member of the Finance and Investment Committee, Sol Plaatje University, Kimberley, South Africa; Director and Member of the Compensation and Governance Committee, Advantex International Marketing; and member of the the Advisory Board of Heraeus Precious Metals, Hanau, Germany.
He began his relationship with HOOPP in September, 2015 as an advisor to the Asset-Liability Committee.
Nick Zelenczuk was the Senior Managing Director and Chief Operations Officer of the Canada Pension Plan Investment Board, a professional investment management organization that invests the funds of the Canada Pension Plan to pay current benefits on behalf of 20 million Canadian contributors and beneficiaries; this role followed four years as Chief Financial Officer of CPPIB. Nick has more than 30 years of experience in the financial services industry. He has held a number of senior roles in investment banking, telecommunications, and consulting. Earlier in his career, he served as President and CEO of Deutsche Bank Canada.
Nick holds an Honours Bachelor of Commerce degree from Queen’s University and is a Fellow of the Institute of Chartered Accountants of Ontario. Nick is active on a number of other boards including Teine Energy Ltd. (an oil and gas exploration and production company), Wilton Re Ltd. (a life reinsurance company), and Trillium Health Partners.
